Minneapolis Federal Reserve Bank President Narayana Kocherlakota renewed his call for a "more accommodative" monetary policy Wednesday.

Kocherlakota, repeating remarks made Tuesday in Golden Valley, Minnesota, suggested that the Fed's policymaking Federal Open Market Committee lower its unemployment threshold from 6.5% to 5.5%, thereby further delaying the date of hikes in the federal funds rate.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.