new delhi oct 31 can former rbi governor raghuram rajan head the us federal reserve yes he would be an ideal choice to lead the american central bank says global financial magazine barrons us president donald trump is expected to soon announce a successor to federal reserve chair janet yellen whose term expires early next year if sports teams can recruit the best talent from around the globe why not central banks asked an article in barrons magazine while pitching for rajan 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 risktaking in credit derivatives years before it hit it added there are precedents for central banks to be headed by noncitizens such as canadaborn mark carney at the bank of england the article said maintaining that nobody is pitching for rajan for the fed post though he has been mentioned as a possible nobel laureate in economics rajan who at 40 was the first nonwestern and the youngest to become the chief economist at the international monetary fund shot to big fame three years after he predicted a financial crisis at an annual gathering of economists and bankers in the us in 2005 he was appointed rbi governor by the previous upa government in 2013 and although he wanted a second term he was not offered an extension which most of his predecessors got by the current nda regime he is currently the katherine dusak miller distinguished service professor of finance at the booth school of business university of chicago bks cs ard