The Fed should consider raising rates as much as 200 basis points, Raghuram Rajan says, because...

|By:, SA News Editor

The Fed should consider raising rates as much as 200 basis points, Raghuram Rajan says, because near-zero rates risk fanning asset bubbles or propping up inefficient companies. “Low rates are not a free lunch, but people are acting as though they are," the former IMF chief economist says. Krugman says it would be "an utter disaster."