Minneapolis Fed President Kocherlakota - responding to questions after a speech - says the Fed...

|By:, SA News Editor

Minneapolis Fed President Kocherlakota - responding to questions after a speech - says the Fed should begin withdrawing monetary stimulus later this year or 2013 if his forecasts regarding growth and inflation are correct, quickly adding, "That doesn't mean I want to raise rates tomorrow." The long bond quickly sheds half a point on his remarks, now yielding 3.46%.