Raghuram Rajan
Former Chief Economist, International Monetary Fund
Raghuram Rajan is an accomplished economist who served as the 23rd Governor of the Reserve Bank of India and now teaches at the University of Chicago.
Global Business / Economy
Should Central Banks Keep Raising Rates or Have They Already Broken Something Nobody Has Noticed Yet?Interest rate decisions by central banks have become one of the defining economic debates of the decade. After years of ultra-low borrowing costs, policymakers have aggressively raised rates to combat persistent inflation, arguing that restoring price stability is essential for long-term growth. Yet as higher borrowing costs ripple through households, businesses, and financial markets, some economists warn that the full consequences may not emerge until much later. The central question is no longer whether inflation should be tackled—it should—but whether continued tightening risks exposing hidden weaknesses within the financial system. Balancing inflation control with economic resilience has become one of the most consequential challenges facing central banks today.
Global Business / Economy
Bailouts: A Necessary Evil or a Lesson in Fiscal Irresponsibility?When a company is too big to fail, the question isn't just whether to rescue it — it's who pays, who learns the wrong lesson, and what kind of economy gets built on the other side. Carmen Reinhart, Joseph Stiglitz, and Raghuram Rajan debate whether government bailouts are a necessary evil or a masterclass in fiscal irresponsibility.