Federal Reserve's Mpls. chief again calls on Fed to keep reins loose

  • Article by: ADAM BELZ , Star Tribune
  • Updated: January 10, 2013 - 9:05 PM

As dissent grows at Fed, its Minneapolis chief has become a leading advocate for low rates.

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jaromir68Jan. 11, 1311:00 AM

Woot! Good news, obviously we have room to grow. Tight money can only solve inflation, which is not something we are encountering.

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untzuntzJan. 11, 1311:51 AM

HUGE respect to MR. Kocherlakota on changing his position based on clear empirical evidence. Changing your position when the evidence is overwhelming or if facts change shows great academic courage. If only the rest of the hard money, Austrian and goldbug types would fess up.

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mikebJan. 11, 13 2:51 PM

Interest rates are too high???? I don't think that's the problem. Perhaps I missed it, but I haven't seen any business leaders quoted in the Star Tribune in the past year as saying that the reason they're not growing is because interest rates are too high. And with the fed funds rate near 0% and bank net interest margins already squeezed (see Wells Fargo's results today), interest rates can't get much lower. At this point, monetary policy has done all it can.

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