Minneapolis Fed chief Kocherlakota repeats his call for the Fed to begin hiking rates as early...
Minneapolis Fed chief Kocherlakota repeats his call for the Fed to begin hiking rates as early as this year, saying the employment picture has improved and inflation is set to rise above the central bank's target. Kocherlakota's comments are in stark contrast to the dovish sentiments of Yellen and Dudley earlier. They have votes on the FOMC, he doesn't (this year).
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