India, July 16 -- Former Reserve Bank of India (RBI) governor Raghuram Rajan, Delhi-born economist Raj Chetty and Microsoft executive Asha Sharma have been appointed to key task forces set up by the US Federal Reserve to review how the monetary policy.

The newly appointed Federal Reserve Chairman, Kevin Warsh, announced five task forces to examine critical areas of monetary policymaking, including communications, balance sheet policy, data, productivity and jobs, and inflation frameworks.

According to the Federal Reserve, the panels will be supported by its staff but will function independently while providing recommendations to the Federal Open Market Committee (FOMC).

Raghuram Rajan has been named to the Balance Sheet Policy task for...