Raghuram Rajan best candidate to head of US Federal Reserve

A successor to Federal Reserve Chair Janet Yellen is soon going to be announced by US President Donald Trump. Janet Yellen is going to retire early next year.

Barrons magazine article has asked "If sports teams can recruit the best talent from around the globe, why not central banks?" while pitching Raghuram Rajan's name as the next head of the Federal Reserve.

The article regrets that "nowhere on the short list of potential candidates to lead the Federal Reserve is the current star among the worlds central bankers -- someone who oversaw a sharp drop in inflation, the stabilisation of a currency, and a 50 per cent jump in stock prices".

"Perhaps more important, his was a lonely but prescient voice warning of a financial crisis resulting from excessive risk-taking in credit derivatives -- years before it hit," it added.