Fed's Kocherlakota: Declining unemployment level is not alone a reason to raise rates, see no reason to remove 'considerable time period' from the Fed statement - remarks to reporters
- Reason to raise rates would be to head off higher inflation and rising wages, neither of which are a concern right now
- Do not see financial stability concerns as a material concern at the moment
- Would only want to raise rates if there were an expectation for inflation to increase to 2% within one or two year time period
- Impact of the stronger USD on the economy is very modest