Governor of the Reserve Bank of India Rajan, speaking on a panel at the conference in Bali

(I am surprised he can get a word in with Dudley chattering away:

  • Should be cautious in raising rates, flatter path appropriate
  • And then there was more
  • More from Fed's Dudley: Fed is apolitical, elections don't matter to policy
  • More from Fed's Dudley: USD strength creating challenges for exporters

)

Anwyay ... over to Rajan:

  • Global demand has been held back by deleveraging
  • We don't fully understand the effects of aging population
  • Tremendous pressure on policy makers to do what it takes

(On "We don't fully understand the effects of aging population" ... check out Japan dude ...)

More:

  • It may be hard to reflate inflation globally
  • Global response needed to preserve trade, finance system
  • Helicopter money is not the panacea that everyone seeks