Fed’s Kocherlakota: Uneasy about low long-term yields, a sign rates will be persistently low

Narayana Kocherlakota, president of the Federal Reserve Bank of Minneapolis, now answering audience questions.

• Uneasy about low long-term yields, a sign rates will be persistently low
• Low long-term rates show there are fewer safe assets for investors
• Expects wage growth to remain ‘quite low’ in 2015
• Natural unemployment rate about 5 pct, though could be lower given sharp drop

Headlines via Reuters

Kocherlakota is The Dovemaster

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Earlier comments:

• Fed’s Kocherlakota: Says again that he doesn’t favour raising rates in 2015
• Kocherlakota: A stronger US dollar could slow US growth a bit