He has taken a tougher stand on inflation and is looking to push through a broader reform agenda, both of which could lay the foundation for stronger long-term growth.” “But there are limits to what a central bank governor can achieve, which is why so much is riding on the make-up and performance of the next government.”  BIS central bankers’ speeches  1  Prescient forecaster Rajan was chief economist of the International Monetary Fund from 2003 to 2006.
The most obvious is the health crisis, where we will have to make further adjustments to living under the threat of the epidemic. Next comes the economic challenge, when after the period of large-scale measures comes to an end we will face the question of what the new reality is.