Kocherlakota Says Low Inflation Warrants Further Fed Stimulus

  • Declines to say if his `dot' recommended negative Fed rates
  • Fed's uber dove says this `not a time' to remove accommodation

Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said the U.S. central bank would have been “totally justified” if it had increased policy stimulus to combat low inflation when it met last month, adding that negative interest rates could be a useful policy tool.

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