Paul H. Kupiec | AEIdeas
Early last month, Federal Reserve Board Chairman Jerome Powell said he does not see any evidence that the labor market is at risk of overheating and putting inflationary pressure on prices. He does not foresee a need to accelerate the central bank’s quarterly interest-rate increases or to signal the need for a more restrictive future policy rate path. Paul Kupiec discusses why Chairman Powell feels confident in his forecast of exceptionally low unemployment and low inflation. Kupiec argues that if unemployment and inflation conditions in the early 1950s represent the prime of monetary policy, the odds of future Federal Reserve policy disappointments are not insignificant.
BY ASIA TIMES STAFF
Raghuram Rajan feels disagreements between the government and the RBI should not escalate further
quoting Raghuram Rajan via Business Standard
'The aim of the board is to be Rahul Dravid - sensible, thoughtful and not, with due respect, Navjot Sidhu', says Raghuram Rajan, former RBI governor.
featuring Raghuram Rajan via Live Mint
Once you have appointed these deputy governors and governor, you have to listen to them because that is what you have appointed them for, they are your safety belt: Former RBI governor Raghuram Rajan.
quoting Raghuram Rajan via The Asian Age
The economic problems should not however make us gloss over the severe institutional stress between the government and RBI.
BY ASIA TIMES STAFF
The RBI board accommodated some of the demands of the government, but on other issues it allowed the central bank to take the final decision
quoting Raghuram Rajan via Financial Express
From all appearances, the RBI board meeting was a cordial affair, with both the central bank and the government displaying a great deal of maturity in bringing relations between the two back from the brink.
featuring Raghuram Rajan via Quartz India
India’s former “rockstar central banker”, Raghuram Rajan, has a word of advice for the Narendra Modi government in the backdrop of its strained relations with the central bank: “the sensible government knows when to back off.”