January 16, 2015 / 1:52 PM / 4 years ago

Fed should not tighten policy in 2015, Kocherlakota says

Narayana Kocherlakota, President of the Federal Reserve Bank of Minneapolis, speaks at the ninth annual Carroll School of Management Finance Conference at Boston College in Chestnut Hill, Massachusetts June 5, 2014. REUTERS/Brian Snyder

(Reuters) - The Federal Reserve should keep rates near zero for all of 2015, Minneapolis Fed President Narayana Kocherlakota reiterated on Friday, or risk slowing U.S. job growth and inflation’s return to the Fed’s 2 percent goal.

Kocherlakota made nearly identical remarks in New York earlier this week. Most Fed officials believe a rate hike this year will be appropriate.

Reporting by Ann Saphir; Editing by Meredith Mazzilli

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