Fed’s Kocherlakota Says Economy Doesn’t Need More Stimulus

Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said the U.S. economy didn’t need additional stimulus in August and probably won’t require more easing this month.

“The data in August did not justify the additional accommodation provided” by the central bank on Aug. 9, Kocherlakota said today in a speech in Minneapolis. “It is unlikely that the data in September will warrant adding still more accommodation.”