Comments from Minneapolis Federal Reserve's Kocherlakota:
- Says personal consumption expenditures inflation is running well below 2%
- And "it will continue to do so for several years. Based on this outlook, raising the fed funds rate in 2015 would be inappropriate, because such an action would serve to further delay the return of inflation to target"
- Says that while the labor market improved rapidly in 2014 ... "one good year certainly does not make up for the several preceding disappointing ones"
- Speech repeats text of April 10 speech
Headlines on Bloomberg


Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty
Bank of Japan Signals Cautious Path Toward Further Rate Hikes Amid Yen Weakness
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom
Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C. 



