Minneapolis Fed President Narayana Kocherlakota said in an interview with CNBC on Friday that the Fed should not raise its interest rate this year.

"Barring that, I don't see a near-term increase in interest rates as being appropriate, and by near-term I mean really through the course of 2015," he said.

Minneapolis Fed president also said that the inflation in the U.S. remains low, and a slowdown in the global economy is a risk to the U.S. outlook.

He noted that more quantitative easing might be appropriate right now.

Kocherlakota is not a voting member of the Federal Open Market Committee this year. He will leave the Fed at the end of the year.