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U.S. Fed Falling Short On Inflation And Job Goals, Kocherlakota Says

The Fed is coming up short on its goals for both inflation and employment, and the central bank ought to do more to ensure they return to healthier levels. Inflation is "well below" the Fed's 2-percent goal, and looks likely to remain there for several more years, Minneapolis Federal Reserve Bank President Narayana Kocherlakota said in brief remarks prepared for delivery to a town hall in Fargo, North Dakota.

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