WASHINGTON — Minneapolis Federal Reserve Bank President Narayana Kocherlakota Friday maintained his support for the Fed's aggressive measures to spur faster economic growth, warning that the costs of tightening monetary policy now would significantly outweigh any benefits for financial stability.

In remarks prepared for delivery ahead of a panel discussion at a management conference in Chicago, Kocherlakota also argued that given the soaring demand for safe assets — but shrinking supply — the Fed has not lowered the real interest rate sufficiently.

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