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31.10.2012 10:47

Fed's Kocherlakota: Fed may not provide sufficient incentives

  • I think that Congress will take action to resolve the problem of the fiscal cliff

  • Fiscal breakage poses a risk to the U.S. economy in 2013

  • Inflation is expected to remain below the target level of 2%

  • It is better to focus on the purpose of the Fed, and not on the methods

  • The Fed did not do too much and its policy was not too soft

  • Forecasts suggest that the Fed's policy is "too hard, not too soft"

  • Fed forecasts for inflation and employment indicate room for further stimulus


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