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


MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty
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
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady
BOJ Holds Interest Rates Steady, Upgrades Growth and Inflation Outlook for Japan
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 



