News Headline Summary
Fed's Kocherlakota calls for monetary accommodation citing low inflation and high unemployment
- Fed should lower jobless threshold to 5.5%.
- Does not expect to be prepared to tighten policy this year.
- As a reminder, Kocherlakota is a non-voter on the FOMC and traditionally has a hawkish stance.
- No reaction seen following these comments as Kocherlakota is a non-voting member.
13:51, 15 Jan 2013 -
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