"The Fed would like to see either a substantial fall in inflation, but also, the problem is the labor market is hot," Rajan, who is a well known commentator on the global economy, said Wednesday. "The Fed may think if rates are not doing damage, why worry."
Fed rate cut hopes by March are 'optimistic,' Raghuram Rajan says - Economy News financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
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Ahead of the release of their new book, Breaking the Mould, economists Raghuram Rajan and Rohit Lamba spoke to Moneycontrol about their vision for the Indian economy, and what is wrong with the current path of policy.