He was chief economist of the IMF from 2003 to 2006, and then worked as an adviser to the Indian government before becoming governor of the Reserve Bank of India in 2013. As RBI governor, Rajan introduced inflation targeting and led an effort to clean up bad loans in the banking industry. In 2016, Swamy wrote a letter to Modi calling for Rajan to be either fired or dismissed at the end of his term. Bank of England Chief Economist Andy Haldane, who is also in the running to succeed Carney, has cited the book in his last three public appearances. He would not let go of those core principles, which would be necessary for the central bank to steer a course in very turbulent waters.
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