Ex-RBI Chief Rajan Says Fed Is Making an Important Shift

Aug.27 -- Former Reserve Bank of India Governor Raghuram Rajan discusses Federal Reserve policy and its implications for emerging markets. Fed Chair Jerome Powell unveiled a new approach to setting U.S. monetary policy, letting inflation and employment run higher in a shift that will likely keep interest rates low for years to come. Rajan, now a professor of finance at the University of Chicago Booth School of Business, speaks on "Bloomberg Daybreak: Australia."
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