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Fed Has Not Lowered Interest Rates Enough: Kocherlakota

Monday, May 20, 2013 - 3:54 PM
Another sign that low rates might be here for a long time. From Reuters
The Federal Reserve has not done enough to lower U.S. borrowing costs to boost economic growth, a top Fed official said on Friday, citing his outlook for overly low inflation and overly high unemployment over the next two to three years.

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It should be noted that this top Fed official is Minneapolis Fed President Narayana Kocherlakota who used to be known as an inflation hawk, but he has changed to be one of the Fed's most dovish members.
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