Minneapolis Fed's Narayana Kocherlakota says unemployment will remain above 8% through 2012 due...

|By:, SA News Editor

Minneapolis Fed's Narayana Kocherlakota says unemployment will remain above 8% through 2012 due to mismatches in geography, skills and demography in the U.S. economy, and structural problems in the labor market are not amenable to Fed monetary policy tools.