The (dovish) headlines are here: Federal Reserve’s Kocherlakota: Low inflation shows economy is running sub-capacity

More from Reuters: U.S. interest rates are too high: Fed’s Kocherlakota

  • said he believes U.S. interest rates are too high, and had no “good answer” when asked why the Fed is reducing its efforts to push borrowing costs down
  • “Interest rates are not low enough,” Minneapolis Federal Reserve President Narayana Kocherlakota said at a Town Hall meeting in Montana, citing subdued inflation and “unacceptably high” unemployment as evidence.

And more at the links above