More comments from Narayana Kocherlakota, president of the Federal Reserve Bank of Minneapolis:
- If Fed raises rates this year, things could go okay, but would be risky
- Low market-based inflation expectations still a concern for monetary policy
- Fed's inability to lower rates below zero one reason for productivity slowdown
And ... he has a few regrets (not too few to mention):
- I regret my lack of persuasiveness at Fed on setting monetary policy
(Headlines via Reuters)
Earlier comments from Kochie here: Fed's Kocherlakota: Raising rates this year not consistent with Fed's mandate
