How to shrink the Fed’s $7trn balance-sheet

Kevin Warsh will struggle to reverse the effects of bond-buying

Silence isn’t golden for a world looking to Kevin Warsh’s Fed

Since being sworn in as US Federal Reserve chairman on May 22, Kevin Warsh has struck a distinctly hawkish tone. At his first press conference at the helm of the world’s most important central bank on June 17, Warsh made a solemn vow to curb inflation. He said members of the Fed’s interest rate-setting committee were “unambiguous and unanimous. This committee will deliver price stability”. Bond investors who questioned Warsh’s inflation-fighting credibility – given that he built his candidacy...

By Nicholas Spiro

US Fed enlists ex-RBI guv Rajan, 2 other Indians for massive policy overhaul

Former RBI governor Raghuram Rajan will help shape US monetary policy. He joins a Federal Reserve task force reviewing its policy framework. Rajan will examine balance sheet policy alongside other experts. Other panels will assess data, productivity, and inflation frameworks. These initiatives aim to improve the central bank's future policy approach.

By TOI BUSINESS DESK

Former RBI governor Raghuram Rajan, 2 other Indians appointed in key US Federal Reserve task forces

The move from Federal Reserve Chairman, Kevin Warsh placed Raghuram Rajan, Raj Chetty and Asha Sharma among experts reviewing key areas of US monetary policy.

US Ropes In Ex-RBI Governor Raghuram Rajan, 2 Other Indians For Key Fed Roles

Rajan will serve on the balance sheet policy task force to examine the costs, benefits, and institutional implications of the Federal Reserve's current balance sheet regime, including its asset holdings and their role in implementing monetary policy.