By: Benzinga
Federal Reserve Bank of Minneapolis President Narayana Kocherlakota Says Fed Funds Rate Will Stay Low
Narayana Kocherlakota, president of the Federal Reserve Bank of Minneapolis, appeared on CNBC's Squawk Box Wednesday morning to discuss Fed policy, including keeping the federal funds rate low so that unemployment can drop to under 6.5 percent. The market has taken a hit since the Fed's May 22 statement, with the
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