They may have to work harder in order to keep inflation expectations anchored.
More Quotes from Raghuram Rajan:
Despite having been helpful in the past, globalization may not be a crutch for central banks to lean on going forward.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
The Fed will be watchful and will likely continue the process of increasing interest rates in the near term.
Raghuram Rajan
We have commented earlier, in the last World Economic Outlook, on the somewhat muted investment all over the world, especially in emerging markets.
Raghuram Rajan
House prices can't increase at the rate in which they have been going over the past few years.
Raghuram Rajan
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