Kocherlakota urges Fed to do ‘whatever it takes’ to boost labour market


The Federal Reserve should do everything in its power to support the recovery in the United States labour market, according to Narayana Kocherlakota, president of the Federal Reserve Bank of Minneapolis.

Speaking in Minnesota last week, Kocherlakota observed that a weak labour market represents "considerable hardship" for a large number of Americans and constitutes a "significant waste" of resources.

"For both of these reasons, I believe that those of us who are charged with making economic

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