Bloomberg Markets and Finance published this video item, entitled “Federal Reserve Is a ‘Prisoner’ of Its New Framework, Rajan Says” – below is their description.
Former Reserve Bank of India Governor Raghuram Rajan, who is now professor of finance at the University of Chicago Booth School of Business. discusses Federal Reserve’s policy. Chair Jerome Powell said the Fed was ready to raise interest rates in March and didn’t rule out moving at every meeting to tackle the highest inflation in a generation. Rajan speaks with Kathleen Hays, Paul Allen and Shery Ahn on “Bloomberg Daybreak: Asia.”
Bloomberg Markets and Finance YouTube Channel
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Bloomberg Markets and Finance features news about financial markets from around the world. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
India, officially the Republic of India, is a country in South Asia. It is the second-most populous country, the seventh-largest country by land area, and the most populous democracy in the world. New Delhi is the capital.
It has an exceptionally diverse population, with Hindus, Muslims, Christians, Sikhs, Buddhists, Jains and other religions speaking over 21 recognised languages.
In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.