Raghuram Rajan: Fed tightening eases stimulus pressure globally

Former RBI governor Raghuram Rajan says the Federal Reserve’s plan to further withdraw support for the US economy will ease pressure on other major central banks

Research shows the US isn’t losing a large number of jobs because of free trade, said Rajan, adding his voice to the growing debate about the merits of globalization. In the US, job losses from factory closures are being replaced by more high-tech positions via a shift to automation