Talking to reporters in Australia, St. Louis Federal Reserve President James Bullard said opinions differed within the Fed on ending its balance sheet reinvestment policy and it would take some time to agree on, but he felt it could start later in the year.
Urjit Patel - the architect of a switch to formally target inflation, among other changes - is likely to stay on as a deputy governor when his three-year term ends next week, government and policymaker sources said.
Fixing structural constraints that push up inflation could be critical in determining whether the Reserve Bank of India (RBI) considers easing policy further, these officials said, given government officials are already pushing for even more rate cuts.
In private and in public at last week's global central banking conference in Jackson Hole, the message from visiting policymakers was that the Fed has telegraphed an initial monetary tightening and, following a year-long rise in the dollar, financial markets globally are as ready as they can be.
Just two weeks ago, Atlanta Fed President Dennis Lockhart told reporters he was "very disposed" to a rate hike in September.
The prospect of a central banker from the land of the lira, "a currency with a ludicrous amount of zeros" in which a bus ticket used to cost over 1,000 currency units was less than appealing.