- Says there should be no rate rises while the inflation outlook is sub 2%
- FOMC created unacceptable downside inflation risks
- Failure to act risks harmful inflation downslide
- Hard for fed to respond if inflation gets to low
Narayana Kocherlakota was a dissenter on the FOMC and sounds very bitter about things. He’s due to step down in 2016 and is not a voter next year
