Minneapolis Federal Reserve Bank President Narayana Kocherlakota town hall, in Winona, Minn.
Kocherlakota tonight stated that "liftoff" in 2015 would be inappropriate. The Minneapolis Fed chief does not anticipate a rate hike until the second half of 2016. He sees recovery in the labor market as being very slow. He indicated that it may take several years to reach the Fed's inflation goal.
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