More comments from Narayana Kocherlakota, president of the Federal Reserve Bank of Minneapolis:

  • If Fed raises rates this year, things could go okay, but would be risky
  • Low market-based inflation expectations still a concern for monetary policy
  • Fed's inability to lower rates below zero one reason for productivity slowdown

And ... he has a few regrets (not too few to mention):

  • I regret my lack of persuasiveness at Fed on setting monetary policy

(Headlines via Reuters)

Earlier comments from Kochie here: Fed's Kocherlakota: Raising rates this year not consistent with Fed's mandate