Fed Overhauls Its Policy Framework: The Rajan Factor The US Federal Reserve's decision to appoint Raghuram Rajan, former RBI governor, and other global experts to its task forces is a significant development in American monetary policymaking.
This move signals that Chairman Kevin Warsh is willing to put the institution's credibility on the line by enlisting outside expertise.
Rajan's appointment has sparked interest among observers due to his reputation as a fierce critic of loose monetary policies.