Narayana Kocherlakota, the Minneapolis Fed president, stuck to his outlier view that not only should interest rates not be hiked but further easing should be considered. the situation Speaking to CNBC on the sidelines of the Jackson Hole conference, Kocherlakota said the market volatility represents a signal of concerns over the global economic outlook. “It’s another argument for not being hasty in removing accommodation,” said Kocherlakota, the retiring official who doesn’t have a vote this year.
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From:: Stock Market News