Brains without borders: US central bank picks merit over MAGA hysteria

Fed chairman Kevin WarshThe TOI correspondent from Washington: At a moment when anti-immigrant rhetoric has become a staple of America's political soundtrack and Indian immigrants have increasingly found themselves in the crosshairs of MAGA hardliners, the US Federal Reserve has delivered an unmistakably different message: when it comes to solving difficult problems, talent trumps tribalism.Fed chairman Kevin Warsh has unveiled the leadership of five high-powered task forces charged with rethinking the central bank's approach to monetary policy and proposing what he called "transformational changes" to prepare the institution for a rapidly changing economy. Among the economists, former central bankers, academics and corporate executives tapped to lead the effort are three people of Indian