Fed's Kocherlakota on Interest Rates, Stability

Fed's Kocherlakota on Interest Rates, Stability Play

June 5 (Bloomberg) – Federal Reserve Bank of Minneapolis President Narayana Kocherlakota speaks about policies the Fed may need to follow in order to achieve its dual mandate objectives of maximum sustainable employment and price stability. Kocherlakota, speaking in Boston, said the Fed will only be able to meet its congressionally mandated objectives by "following policies that may result in signs of financial market instability." (This report is an excerpt. Source: Bloomberg)

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