News about Raghuram Rajan

Within months, Shark Tank actor Kevin O'Leary has forecast'real chaos' in the US economy. Rising interest rates and mortgage rates pose a significant threat to families and small businesses, according to he. According to him, America is heading for a'rebalance' after significant investment in the country's largest companies, although small and medium-sized businesses have been neglected.

Federal Reserve Chair Jerome Powell has cautioned that maintaining the stability of the US economy may necessitate further interest rate increases, while simultaneously stressing the volatile nature of the economic outlook. Powell said in his address in Jackson Hole, Wyoming, that the economy has been increasing faster than expected and that customers have maintained spending briskly, a trend that could continue to raise inflation pressures. He also reiterated that the Fed will continue to raise its main rate until price hikes are reduced to the central bank's 2 percent target.