More on the Fed's Kocherlakota "changing his plumage": "You have to learn from the data," says...

|By:, SA News Editor

More on the Fed's Kocherlakota "changing his plumage": "You have to learn from the data," says the man who not long ago was talking about raising rates. He now sees less evidence the high unemployment rate is structural, and believes easy money can play a role in lowering it. PhD standard? "Kocherlakota (is) a University of Chicago PhD who spent his entire career in academia until taking the Fed post."