Fed is in 'wait and watch' mode on rate cuts, says Raghuram Rajan

Raghuram Rajan, University of Chicago finance professor and former Bank of India governor, joins CNBC's 'The Exchange' to discuss outlooks on monetary policy in the U.S. and abroad.

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Inflation went up because oil prices jumped more than 10% in 3 months.

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Venezuela central bank was also on wait and see mode 10 years ago.

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[@manubhatt3]

CNBC, the central bank of India is called RBI, NOT BOI. And no central bank can have rates like 3.00 - 7.25%. It's absurd and nonsensical. Our current repo rate is 6.5%.

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How many times is CNBC going to have analysts come on and say the exact same thing? None of this prophetic or expert opinions. My 10 year old knows the Fed is in wait and see mode. You know how he knows? The Fed and Powell said that!!! Get some people on here that say something of substance!

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Raghuram Rajan is the former governor of Bank of India, lol. Didn't knew Bank of India has a governor😂 It was polite of Rajan to not correct her.

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[@raj0906]

Why do we need his expertise of rajan.He is in usa .He was here for devastation of indian economy,putting all the banks in pca .This led to slowdown for industries and slowing of the gdp.His all predictions about indian economy were down

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This guy is mostly wrong