Fed's Kocherlakota: Fed Mission Could Be Made Easier With More Government Debt

Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said in a largely academic speech Thursday that more government debt borrowing could assist the Federal Reserve to achieve its inflation and job goals. Mr. Kocherlakota, who made his comments in the text of a speech to be delivered before a conference at the Bundesbank in Frankfurt, didn't comment on the U.S. economic or monetary policy outlook....(read more)

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