Minneapolis Fed president reverses hawkish stance, ties policy to jobless rate.
By Craig Torres and Aki Ito, Bloomberg|September 21, 2012 at 04:44 AM|Originally published on Treasuryandrisk.Com
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said battling unemployment may mean keeping interest rates close to zero for four years, reversing his view that borrowing costs might have to rise as soon as this year.