TeleTrade - Analytics


719.00 6.50/10
57% of positive reviews

28.08.2015 14:02 Minneapolis Fed President Narayana Kocherlakota: the Fed should not raise its interest rate this year

Minneapolis Fed President Narayana Kocherlakota said in an interview with CNBC on Friday that the Fed should not raise its interest rate this year.

"Barring that, I don't see a near-term increase in interest rates as being appropriate, and by near-term I mean really through the course of 2015," he said.

Minneapolis Fed president also said that the inflation in the U.S. remains low, and a slowdown in the global economy is a risk to the U.S. outlook.

He noted that more quantitative easing might be appropriate right now.

Kocherlakota is not a voting member of the Federal Open Market Committee this year. He will leave the Fed at the end of the year.

To leave a comment you must or Join us

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree