Janet Yellen and Former India Central Bank Chief Rajan Join Pimco's Board

In a significant shift in leadership, renowned economist and current U.S. Treasury Secretary Janet Yellen, alongside former Reserve Bank of India Governor Raghuram Rajan, has been appointed to the board of directors of Pacific Investment Management Co. (Pimco). This move signals a strategic enhancement for the firm, known for its influential role in the global bond markets.

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Raghuram Rajan's Insight: India Should Prioritize Job Creation Over Interest Rate Cuts

In a recent interview, former Reserve Bank of India Governor Raghuram Rajan emphasized the critical need for India to reevaluate its economic strategies, particularly in how it approaches job creation in contrast to reliance on interest rate adjustments. Rajan, who is also a professor at the University of Chicago Booth School of Business, addressed the pressing issue of employment during a time when the Indian economy faces various challenges, including inflationary pressures and global economic uncertainties.

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