US President Donald Trump will announce the name of the new head of the Federal Reserve soon. The current head of Janet Yale ends in the beginning of next year.
Former Reserve Bank of India (RBI) Governor Raghuram Rajan is the best candidate for the post of US Central Bank Federal Reserve Chairman. Such a Global Financial Magazine Baron says. There is a possibility that US President Donald Trump will announce the name of the new head of the Federal Reserve soon. The current head of Janet Yellen ends in the beginning of next year.
Let us tell you that there have been many instances in the past when the post of chairman of a country’s central bank has been handled by such a person who was not a citizen there. Like the Chairman of the Bank of England, the post of Canadian-born Mark Carney took over.
According to Baron Magazine, Raghuram Rajan, the chairman of the American Central Bank
According to Baron Magazine, Raghuram Rajan will be an ideal person for the post of Chairman of the American Central Bank. Baron Magazine argued in favor of Raghuram Rajan that when the sports teams from all over the world choose the world’s highest talent to improve their game then why can not the US Central Bank do this?
Raghuram Rajan was the Governor of the Reserve Bank until last year. After leaving this post, he has gone to the US. Prior to becoming the Governor of the Reserve Bank of India, Rajan has been the Chief Economist in the International Monetary Fund. At the age of 40, he took over the post of chief economist of the International Monetary Fund. He was the youngest person to do so. In 2013, he was made Governor of the Reserve Bank of India.
Raghuram Rajan was the first person who was not from the western country. In 2005, he had come to headlines by predicting the financial crisis in the annual meeting of economists and bank chiefs. He was appointed by the former UPA government as the Governor of Reserve Bank in 2013. She is currently a Professor of Finance at the Booth School of Business at the University of Chicago.