Minneapolis Federal Reserve Bank President Kocherlakota: interest rate hike in 2015 by the Fed would be “inappropriate”

Market news

16 October 2014

Minneapolis Federal Reserve Bank President Kocherlakota: interest rate hike in 2015 by the Fed would be “inappropriate”

The Minneapolis Federal Reserve Bank President Narayana Kocherlakota repeated on Thursday that interest rate hike in 2015 by the Fed would be "inappropriate".

Kocherlakota doesn't expect inflation (measured by the PCE price index) to reach 2% until 2018.

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European stocks close: stocks closed mixed, stock erased almost all losses after comments by Federal Reserve Bank of St. Louis President James Bullard

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