Raghuram Rajan sees the wisdom of making haste slowly

Good central bank governors are like good wine. They get better with time. Perhaps that is why many countries seem to favour long stints for those at the helm of their central bank! Paul Volcker was chairman, US Fed, for eight years, Alan Greenspan for 19, Ben Bernanke for eight. Bank of England's Edward George and Mervyn King served as governors for 10 years each.

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