Minneapolis Fed’s Kocherlakota warns FOMC against inflation drift


Narayana Kocherlakota, president of the Minneapolis Federal Reserve, on Tuesday said it was critical for the US Federal Open Market Committee (FOMC) to clarify its mandate and avoid accepting further inflation drift.

At the Stanford Institute for Economic Policy Research in Stanford, California, Kocherlakota said: "I view the committee's current resolution of the trade-off between inflation and unemployment as being justifiable. I also viewed the committee's resolution of this trade-off in 2009

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: