WASHINGTON — Minneapolis Federal Reserve Bank President Narayana Kocherlakota Monday weighed into the post-FOMC debate about the Fed's actual policy intentions, saying the committee had left a clarity gap and sharpening up the communications about policy intentions could put downward pressure on market rates and provide needed economic stimulus.

In fact, he told reporters, the FOMC "buried the lede" and should repeatedly emphasize one key phrase in its policy statement: "the committee expects a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the asset purchase program ends and the recovery strengthens."

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