Fed may need to let inflation rise to boost jobs: Kocherlakota

The Federal Reserve may need to let inflation run a little higher than its 2-percent target in order to bring down unemployment faster, a top Fed official said on Saturday. Strictly capping inflation at 2 percent while allowing high unemployment to linger would be an “inappropriate” approach to m…

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Fed may need to let inflation rise to boost jobs: Kocherlakota

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