Dovish talk from Fed’s Kocherlakota by Milan Cutkovic

  • Kocherlakota: Inappropriate to raise US interest rates in 2015
  • Kocherlakota: Fed should adopt a 2 year benchmark for meeting inflation goal
  • Kocherlakota: Inappropriate to reduce accommodation if Fed expects inflation to stay below 2 % for next two years
  • Kocherlakota sees inflation below 2 % until 2018

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