Markets are in turmoil again, following the Federal Reserve’s indication of an exit from quantitative easing toward the end of the year. Regardless of how markets ultimately respond, recent developments have exploded the myth that central bankers are disinterested technocrats, loftily independent of the politics of their time. NEW DELHI – Markets are in turmoil once again, following the US Federal
![Central Bankers on the Ground | by Raghuram G. Rajan - Project Syndicate](https://cdn-ak-scissors.b.st-hatena.com/image/square/e25d2ea3b8256c0091c63abe6c807d89ae5754bf/height=288;version=1;width=512/https%3A%2F%2Fwww.project-syndicate.org%2Fimages%2Fps-the-worlds-opinion-page.png)