Skip to content
Subscriber Only

Fed Now Risks Too-Slow Taper After Too Fast in 2013, Rajan Says

Raghuram Rajan

Raghuram Rajan

Photographer: Simon Dawson/Bloomberg

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

One of the leading global critics of the Federal Reserve’s 2013 “taper tantrum” episode is now worried that the central bank could fall behind the curve as it gradually removes Covid-era monetary stimulus.