Minneapolis Fed president open to cutting rates

Narayana Kocherlakota

Federal Reserve Bank of Minneapolis president Narayana Kocherlakota would be "open to the possibility" of reducing the federal funds rate target to produce "better labour market outcomes", he said on October 8.

He told an audience in Minnesota there is room for more improvement in the labour market, despite unemployment nearing Fed officials' best guess of the long-run rate. He cited the potential for getting more "prime-age people" into work.

Given low inflation, the Federal Reserve has a "free

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: