Raghuram Rajan, former RBI governor and now a US Federal Reserve task force co-leader, will review the Fed's balance sheet policy. His past works like "Saving Capitalism from the Capitalists" and "Fault Lines" offer insights into cronyism and financial crises, underscoring his valuable contribution. This panel, co-led with Karen Dynan and Jeremy Stein, is deemed highly significant. It will assess the "costs, benefits, and institutional implications" of the Fed’s framework, specifically its extensive quantitative easing. The core inquiry is whether the Fed can endlessly create money without risking global currency stability. The task force’s findings are eagerly anticipated.