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


Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 



