Fed Official: U.S. Monetary Policy Is Not Loose Enough

Modest U.S. growth will keep inflation in check and means the Federal Reserve should ease monetary policy further to bring the rate of U.S. unemployment down at a faster pace, a senior U.S. central banker said on Wednesday.

Minneapolis Fed Bank chief Narayana Kocherlakota, one of the more dovish members of the Fed’s policy-setting committee, also repeated his view that the best way to boost the economy was to lower the Fed’s jobless rate threshold on interest rate guidance to 5.5 percent.

“My outlook for unemployment and my outlook for inflation both point to a need for more accommodation than is currently being provided by the FOMC,” he said in prepared remarks to local business groups in Edina, Minnesota, referring to the Federal Open Market Committee.

CNBC

Get OANDA’s exclusive weekly Market Pulse FX

HTMLText

Email Address:

Preferred Format:

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

View the original article: http://forexblog.oanda.com/20130327/fed-official-u-s-monetary-policy-is-not-loose-enough/



A quick look on #UCO website will produce a ton of fresh #MLM ideas to help you get more money. Go to http://www.uconnective.com

To Signup you must have a #UCO coin, you can #BUY it with only $3 from ClickAlert or Send e-mail at clickalert@ymail.com or Call/SMS to +1 (202) 599-1808 and start earning $51 per day!