Comments from Minneapolis Federal Reserve's Kocherlakota:
- Says personal consumption expenditures inflation is running well below 2%
- And "it will continue to do so for several years. Based on this outlook, raising the fed funds rate in 2015 would be inappropriate, because such an action would serve to further delay the return of inflation to target"
- Says that while the labor market improved rapidly in 2014 ... "one good year certainly does not make up for the several preceding disappointing ones"
- Speech repeats text of April 10 speech
Headlines on Bloomberg


BOJ’s Kazuo Ueda Signals Potential Interest Rate Hike as Economic Outlook Improves
Bank of Korea Holds Interest Rates Steady as Weak Won Limits Policy Flexibility
Fed Rate Cut Odds Rise as December Decision Looks Increasingly Divided
Singapore Maintains Steady Monetary Outlook as Positive Output Gap Persists into 2025
RBA Reassesses Pricing Behaviors and Policy Impact Amid Inflation Pressures
BOJ Seen Moving Toward December Rate Hike as Yen Slides
New RBNZ Governor Anna Breman Aims to Restore Stability After Tumultuous Years
Japan’s Inflation Edges Higher in October as BOJ Faces Growing Pressure to Hike Rates 



