Reuters logo
Raising rates in 2015 would weaken U.S. economy: Fed's Kocherlakota:
May 28, 2015 / 7:27 PM / 3 years ago

Raising rates in 2015 would weaken U.S. economy: Fed's Kocherlakota:

HELENA, Montana (Reuters) - Raising interest rates in 2015 would risk signaling to financial markets that the Federal Reserve is not committed to its 2 percent inflation target, Minneapolis Fed President Narayana Kocherlakota said on Thursday.

“We raise rates now, we weaken the course of the economy,” Kocherlakota said after a speech here. “If a shock happens we are going to be worse off as a result.”

Reporting by Ann Saphir; Editing by Meredith Mazzilli

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below