Fed Watch: Getting Lonely to be a Hawk

Minneapolis Federal Reserve President Narayana Kocherlakota yesterday gave a speech that was something of a shocker. But a little background first. Kocherlakota has generally be viewed as a hawk, more so than his colleague St. Louis Federal Reserve President James Bullard. See, for example, the Credit Suisse mapping of Fed policymakers. I referred to Kocherlakota [...]