- Fed’s Kocherlakota repeated his view that the Fed should raise interest rates until 2014
Market news
12 April 2012
Fed’s Kocherlakota repeated his view that the Fed should raise interest rates until 2014
Supports the increase in rates is later this year
The Fed should tighten policy in 6-9 months
There is no reason to now, the Fed continued to stimulate the economy
U.S. GDP is likely to grow by 2.5% to 3% in 2012 and 2013
Inflation is likely to be 2% in 2012 and 2.3% in 2013
Unemployment rate falls to 7% by the end of 2013
Extremely mild Fed policy leads to higher prices
Further support for the Fed to be justified only if the economy weakens
Each member of the FOMC adheres to his own opinion
Decisions of the FOMC shall collectively
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