And this guy is a hawk? Minneapolis Fed President Kocherlakota suggests last week's FOMC...
And this guy is a hawk? Minneapolis Fed President Kocherlakota suggests last week's FOMC statement didn't go far enough. What's needed is a liftoff plan where the FOMC promises ZIRP until unemployment falls below 5.5%. Prices? They may become pesky, but the FOMC can just raise its inflation target to perhaps 2.25%.
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