In light of his expectations of an inflation rate below the U.S. central bank's target of 2% and a still "elevated" unemployment rate over the next two years, Minneapolis Federal Reserve President Narayana Kocherlakota estimated Thursday that the Fed's monetary policy, if anything, is currently "too tight."
Fed's Kocherlakota: If Anything Monetary Policy Currently 'Too Tight'
JAN 11, 2013 7:16am ET
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Land isn't the only thing drying up in California, as the drought's economic impacts are dangerously closing in on the state's financial resources.
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