- Explaining his dissent from the FOMC decision this week, Minneapolis Fed President Kocherlakota says the Fed's continued gradual removal of accommodation creates "unacceptable downside risk" to inflation and inflation expectations.
- "I see this risk to the credibility of the inflation target as unacceptable, given how hard it would be for the FOMC to respond successfully if this eventuality did indeed materialize."
- Kocherlakota is stepping down from the Fed in 2016 and will not be a FOMC voter next year, so this was his last policy vote.