News Headline Summary

Fed's Kocherlakota calls for monetary accommodation citing low inflation and high unemployment

Says:
- Fed should lower jobless threshold to 5.5%.
- Does not expect to be prepared to tighten policy this year.

Reaction details (13:54)

- No reaction seen following these comments as Kocherlakota is a non-voting member.

Analysis details (13:53)

- As a reminder, Kocherlakota is a non-voter on the FOMC and traditionally has a hawkish stance.

15 Jan 2013 - 13:50 - - Source: Newswires

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