Minneapolis Fed President Narayana Kocherlakota affirms his support for current "highly...

|By:, SA News Editor
Minneapolis Fed President Narayana Kocherlakota affirms his support for current "highly accommodative" monetary policy, adding that the FOMC "will need to remain vigilant" for changes in the relationship between the unemployment rate and the economy's natural rate of joblessness. "When that gap is big, we need a lot of accommodation," he says.