‘Very Little’ Ammunition Left for Japan and Europe’s Central Banks, Rajan Says 

While the U.S. and China are able to cut interest rates, the Bank of Japan and the European Central Bank have less room to maneuver in the event of another downturn.

That’s the view of former Reserve Bank of India Governor Raghuram Rajan, now a professor at the University of Chicago, expressed during an interview with Bloomberg Television’s Francine Lacqua and Tom Keene on Wednesday.