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.

Update details:

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

Reaction details:

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

Print 13:51, 15 Jan 2013 - Fed - Source: Newswires