Kocherlakota answering audience questions:

  • Says the Federal Reserve is a ‘politics-free’ organisation
  • US needs to be careful on EU-like disinflation
  • Says Europe on disinflation path the past few years
  • Inflation needs to be back near 2% before liftoff
  • Sees inflation below Federal Reserve target for the next few years
  • Says the unemployment rate overstates labor market strength

No more to come