Fed's Kocherlakota Gives Lukewarm Welcome To U.S. Unemployment Drop - Presented by: The Aol. On Network

One of the Federal Reserve's most dovish policymakers on Tuesday welcomed the recent drop in U.S. unemployment but warned the labor market has a long way to go until the U.S. central bank has reached its goal.Sticking to his guns on the need for sustained policy accommodation, Narayana Kocherlakota, president of the Minneapolis Fed, said central bankers must also look through "transitory" changes in inflation like recent firming.



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