The Fed will be watchful and will likely continue the process of increasing interest rates in the near term.
More Quotes from Raghuram Rajan:
As the US deficit continues to be financed easily, the optimists who think there is nothing to worry about are gaining ground over the pessimists who think an abrupt and costly adjustment is likely. But the optimists have to be right every day while the pessimists need to be right only once.Raghuram Rajan
We see a shifting of global growth away from the United States to other countries. Whether it's enough is still for the jury to decide. The jury is still out.
Raghuram Rajan
If the economy turns down we may have more severe credit problems.
Raghuram Rajan
Oil is affecting inflation it is slowly creeping up in the United States and we're seeing rising producer prices,
Raghuram Rajan
If India doesn't create the necessary infrastructure, it will hurt growth. India must take strong political steps to free up resources for investment.
Raghuram Rajan
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