Saturday, March 31, 2012

Fed's Kocherlakota sees 2.3 percent inflation in 2013

EVANSTON, Illinois (Reuters) - U.S. inflation will be above the Federal Reserve's 2 percent target next year, Minneapolis Fed President Narayana Kocherlakota said on Saturday, suggesting he sees pressure building for the central bank to lift interest rates. "I'm expecting inflation to be 2 percent this year, and 2.3 percent next year," Kocherlakota told the Midwest Economics Association's annual meeting
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Fed's Kocherlakota sees 2.3 percent inflation in

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