Consumers are unsure about much these days and that plays a big role in stifling the economy, and it’s a trend that policymakers may not have the tools to resolve, according to Federal Reserve Bank of Minneapolis president Narayana Kocherlakota.

“I believe that overall uncertainty is a large drag on the economic recovery,” he told the Sioux Falls Rotary Monday, according to prepared text of his speech, which was released by the Fed.

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