Fed's Kocherlakota interviewed on CNBC
- Says inflation remains very low.
- Says baring big changes ion the data, He does not believe an increase is appropriate.
- Beleives a rate hike would hurt credibility.
- Says situation right now given consideration of inflation outlook, it would call for further stimulus.
- Mr. Kocherlakota is widely considered to be one of the more dovish Fed members.
- Mr. Kocherlakota is not a voting member until 2017.