Reserve Bank of India Governor Raghuram Rajan has said that inflationary expectations are high and the central bank will take a tough stance to bring it down to 5 per cent. In an interview to a TV channel, he attributed the high inflation to food, services and increasing rural wages. Mr Rajan said, 7-8 per cent growth will be feasible in the long run. He said, growth slowed down because of problems in allocation of natural resources like coal and spectrum. Addressing an analysts conference in Mumbai, the RBI Governor said, India is now in a better position to face the US Federal Reserve's unwinding of its easy money policy whenever it takes place. The US Federal Reserve had hinted at winding down its 85-billion dollar a monthly bond buyback programme.