A slowdown in the U.S. economy is needed to control inflation: Rajan

To control inflation will be with a slowdown in the U.S. economy due to the Federal Reserve interest rate hike, said Raghuram Rajan, professor of finance at the University of Chicago Booth School of Business at the World Bank and International Monetary Fund Spring Meetings. Interest rates have been rising, hopefully the Fed won't do much more, but it's clear that…