Bloomberg News

Fed’s Kocherlakota Says Next 4 Or 5 Years to Be Very Challenging

October 21, 2011

Oct. 21 (Bloomberg) -- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said today that the future looks bright while the next four or five years will be “very challenging.”

Kocherlakota, answering audience questions after a speech at the Harvard Club of Minnesota in Minneapolis, said that it is “very troubling” how long the recovery is taking.

To contact the reporter on this story: Vivien Lou Chen in San Francisco at

To contact the editor responsible for this story: Kevin Costelloe at

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