Fed Official: New Chair To Face Key Test On Keeping Policy Easy
By Alister Bull (Reuters) – The key challenge for the next chair of the Federal Reserve will be resisting pressure for a premature tightening in monetary policy, a senior U.S. central banker said on Friday. Narayana Kocherlakota, president of the Minneapolis Federal Reserve and one of several policy doves arguing the case for more action to spur U.S. hiring, said most observers think the main problem for the Fed will be ending ultra-easy money. He said it is not. “The real test for us … …
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