Minneapolis Federal Reserve Bank President Naryana Kocherlakota said:
- it is “really a stretch to think” that the Fed has lowered rates too much
- Given the high rates of unemployment and low levels of inflation, “I think what we’re seeing is that we have not been able to lower rates as much as we’d like to”
- Says the Fed will need to maintain a highly stimulative monetary policy for some time to come
More at MNI
