Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Kocherlakota Says Public Needs Guidance on U.S. Debt Solution

Don't Miss Out —
Follow us on:

April 2 (Bloomberg) -- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said controlling the national debt in the long term will probably involve reductions in some benefits for older Americans as well as tax increases.

“It doesn’t have to be fixed today,” Kocherlakota said in response to a question from the audience after giving a speech today in Grand Forks, North Dakota. “At the same time, offering guidance to the public of the mix of tools that are going to be used to address this problem is going to be helpful.”

To contact the reporter on this story: Aki Ito in San Francisco at aito16@bloomberg.net.

To contact the editor responsible for this story: Christopher Wellisz at cwellisz@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.