Narayana Kocherlakota, president of the Federal Reserve Bank of Minneapolis, is speaking on monetary policy.

Headlines via Reuters :

  • Federal Reserve should not raise u.s. interest rates this year
  • Raising rates would slow progress toward inflation goal
  • Keeping rates at zero would boost employment
  • Federal Reserve should have added more stimulus last year to boost inflation, employment

Kocherlakota is a dove. No surprises from him here