Federal Reserve Kocherlakota: Falling unemployment no reason to raise rates

Minneapolis Federal Reserve Bank President Narayana Kocherlakota (that well-know ‘dove’) with comments (via Bloomberg):

• No guarantee dollar’s rise will continue
• Fed’s communication vague on 2% inflation goal
• Sees inflation outlook remaining soft in 2015
• Sees no reason to drop ‘considerable time’ pledge
• Want to see 1-2 year inflation outlook back to 2%
• Falling unemployment no reason to raise rates