Focusing on inflation to make central banks' job easier: Raghuram Rajan

He said issues such as climate change and employment are peripheral to the central bank mandate and could be better dealt with direct polices.

Global central banks would do a better job of checking inflation by focusing on their core mandate, rather than trying to achieve multiple goals through monetary policy, according to former Indian central bank Governor Raghuram Rajan.
 

“They know how to bring down inflation once it exceeds a certain point,” Rajan said in an interview with Bloomberg Television’s Kathleen Hays. “If you told them that is your job and focus on that and leave all this other stuff aside, it would make their job a lot easier.”

He said issues such as climate change and employment are peripheral to the central