Fed’s Kocherlakota: QE2 Should Not Result In Large Rise In Inflation or the Dollar

Minneapolis Federal Reserve Bank President Narayana Kocherlakota Thursday said the Fed’s current $600B QE plan should not result in large increases in inflation or the U.S. dollar. In a Q&A session with the audience at a luncheon for the National Tax Association 103rd Annual Conference on Taxation in Chicago, Kocherlakota talked down any ill effects of QE2 on both inflation and the U.S. dollar. – iMarketNews