And Narayana Kocherlakota, president of the Minneapolis Fed, said last month that he thought the Fed should pledge to keep rates low until unemployment falls below 5.5 percent â¿¿ a level Kocherlakota said could take four years or more to achieve.Some members oppose such moves. They argue that by tying a rate hike to a level of employment, it raises the risk of leaving rates too low for too long, which heightens the threat of inflation.
Fed Open To Linking Rate Hike To Economic Gauge
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