Federal Reserve Bank of Minneapolis President Narayana Kocherlakota: the Fed should wait with the first interest rate hike

Market news

19 August 2015

Federal Reserve Bank of Minneapolis President Narayana Kocherlakota: the Fed should wait with the first interest rate hike

Federal Reserve Bank of Minneapolis President Narayana Kocherlakota wrote in The Wall Street Journal on Wednesday that the Fed should wait with the first interest rate hike.

"Tightening monetary policy when inflation is projected to be so low is a step in the wrong direction," he wrote.

Kocherlakota added that the Fed should ease its monetary policy as inflation remains low.

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U.S.: CPI excluding food and energy, m/m, July 0.1% (forecast 0.2%)

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