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

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."
Comments (4)
  • davidingeorgia
    , contributor
    Comments (2713) | Send Message
     
    "... who spent his entire career in academia until taking the Fed post."

     

    That would be the key phrase here.
    21 Sep 2012, 07:52 AM Reply Like
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    This posting is done well.

     

    Kocherlakota, from Minnesota is playing the game he's learned.

     

    As for unemployment, would any of you hire this guy?

     

    Thought so.
    21 Sep 2012, 07:52 AM Reply Like
  • mweaver
    , contributor
    Comments (201) | Send Message
     
    interesting
    if he's wrong, does he still get paid?
    21 Sep 2012, 07:55 AM Reply Like
  • winningtrader
    , contributor
    Comments (2476) | Send Message
     
    Of course he gets paid. Otherwise he wouldn't perform the intellectual heavy lifting of graduating from his previous hike rates state to his current lower rates + print money state. Nobody does such important work for free. Also, he gets paid as he has never made a dime in his life from any legitimate business and would starve unless he keeps his job at the FED.
    21 Sep 2012, 09:08 AM Reply Like
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