<figure><img src="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iY65gwubsdeM/v10/-1x-1.png"><figcaption><div></div><div>Bloomberg.</div></figcaption></figure><p>Gold has been surging. Risky assets (with a few minor hiccups) have also been surging. And yet, central bankers (most notably the Fed) are in rate cutting mode. Why is this? And what kind of risks are being conjured up? On this episode of the podcast, we speak with Raghuram Rajan, a professor at the Booth School of Business at the University of Chicago, as well as the former Governor of the Reserve Bank of India. Rajan famously was one of the first to raise alarms prior to the Great Financial Crisis in 2008. We discuss why financial markets are doing what they&#x2019;re doing and whether central bankers are sufficiently attuned to the growing risks.</p>

Gold has been surging. Risky assets (with a few minor hiccoughs) have also been surging. And yet, central bankers (most notably the Fed) are in rate cutting mode. Why is this? And what kind of risks are being conjured up? On this episode of the podcast, we speak with Raghuram Rajan, a professor at the Booth School of Business at the University of Chicago, as well as the former Governor of the Reserve Bank of India. Rajan famously was one of the first to raise alarms prior to the Great Financial Crisis in 2008. We discuss why financial markets are doing what they're doing and whether central bankers are sufficiently attuned to the growing risks.

Odd Lots: Raghuram Rajan on Surging Gold and Growing Risks to Financial Stability

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