seems the FED is going to aim for lower unemployment rate from Gartman ltr

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gwr1

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seems the FED is going to aim for lower unemployment rate from Gartman ltr

posted on Mar 11, 2013 02:06PM

However, even more surprising was the comment from

one of the regional Presidents we had generally thought

to be modestly “hawkish” on policy, Dr. Kocherlakota, the

President of the Federal Reserve Bank of Minneapolis.

When asked what level of unemployment he prefer

seeing before moving to tighten rates, Dr. Kocherlakota

said that he “

Would like to see the target lower[ed] to

5.5%”

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