Gradualism worked “when financial flows were ... “I don’t have a problem making a change in my vote under a change in economic circumstances. If I make a wrong judgment, I’ll say so.
Gradual interest-rate moves no longer send clear signals to volatile financial markets and larger shifts are now needed to “cut through” the noise for the good of the economy, Bank of England ...
Both as prime minister and finance minister, Singh understood the importance of gradualism, except when the economy or the polity was in a crisis. He would often quote the 19th century German ...
Larger cuts, such as the one I voted for in the latest meeting, cuts through this turbulence, with the objective to more effectively communicate the stance of policy and influence the economy.