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Xbox CEO Asha Sharma joins U.S. Federal Reserve panel
Sharma will help assess how artificial intelligence and emerging technologies affect productivity and employment.
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Ankita Baidya - Fri, 10, Jul 2026
- 05:18 EDT
- 33
Asha Sharma will serve as an external adviser on the Federal Reserve's Productivity and Jobs task force. / Microsoft blogs
The Federal Reserve Board in the United States has named Indian-origin technology executive Asha Sharma, corporate vice president and Xbox CEO at Microsoft, as one of the external advisers on a newly established task force that will examine how emerging technologies, including artificial intelligence, are reshaping productivity and employment in the United States.
Also read: Illinois Tech names Shyamal Gupta chief of Mumbai operations
According to a Federal Reserve Board announcement, Sharma will serve on the Productivity and Jobs task force, one of five expert panels created to strengthen the central bank's approach to monetary policymaking.
The Federal Reserve said the Productivity and Jobs task force will assess "the economic impact of new general-purpose technologies, including artificial intelligence, to inform the Federal Reserve's policy judgments."
Sharma will co-lead the task force alongside Marc Andreessen, co-founder and general partner of venture capital firm Andreessen Horowitz, and Charles I. Jones, a Stanford University economics professor who is currently on leave at artificial intelligence company Anthropic, according to the announcement.
The Federal Reserve identified Sharma as "executive vice president and XBOX CEO, Microsoft Corp."
The board also announced four additional task forces focused on communications, balance sheet policy, data and inflation frameworks.
Their leadership includes former Bank of England Governor Mervyn King, former Reserve Bank of India Governor Raghuram Rajan, former Walmart CEO Doug McMillon and Nobel Prize-winning economist Thomas Sargent of New York University, according to the Federal Reserve.
The central bank said each task force will be co-led by three external advisers selected from among economists, business leaders and former central bank officials with expertise in their respective fields.
According to the announcement, the groups will "operate independently, with a mandate to follow the evidence, provide candid feedback, and produce rigorous findings for the Federal Open Market Committee." The task forces will receive analytical and research support from Federal Reserve staff.
Federal Reserve Chairman Kevin Warsh said the initiative is intended to strengthen the institution's ability to fulfill its dual mandate of maintaining price stability and promoting maximum employment.
"The Federal Reserve's commitment to price stability and maximum employment is unwavering. As is our resolve to pursue our mandate with rigor," Warsh said in the announcement.
He added that each task force would evaluate whether the Federal Reserve's "means and methods, analytical tools and policy approaches can be improved upon."
"I am honored that the best minds from a range of disciplines have agreed to work with us to sharpen our performance as an institution," Warsh said. "The goal is straightforward: to ensure the Fed is best positioned to achieve our objectives in this consequential time."
The Productivity and Jobs task force reflects the Federal Reserve's growing focus on understanding how rapid advances in artificial intelligence and other emerging technologies could influence labor markets, productivity growth and long-term economic performance. The findings are expected to inform future policy discussions by the Federal Open Market Committee as it evaluates changes affecting the U.S. economy.
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