News Headline Summary

Fed's Kocherlakota says if anything US monetary policy is too tight, not too easy, given anemic forecasts for growth

Say:

- Sees no conflict in pursuing both fed mandates.
- Sees inflation too low, unemployment too high today.
- US citizens are conservative on spending.
- Sees 'too tight' Fed policy with subdued inflation.
- Forecasts growth of 2.5% this year and 3% for 2014.
_ Sees inflation at 1.6% in 2013, inflation of 1.9% in 2014 and unemployment at about 7.5% at end of 2013.

11 Jan 2013 - 02:20 - - Source: Newswires

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