Minneapolis Fed’s Kocherlakota on the FOMC’s outlook
Narayana Kocherlakota, the president of the Minneapolis Federal Reserve, on Tuesday talked about the economic outlook within the Federal Open Market Committee (FOMC).
Although he predicted growth of 2.5% in the second half of 2010, the pace of recovery was only described as "moderate".
As a result, he anticipated continued near-zero short-term rates. "The FOMC will maintain the target range for the federal funds rate at 0-0.25% and continues to anticipate that economic conditions, including low
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