MINNEAPOLIS, Minnesota (Reuters) - The Federal Reserve's stimulus policies are appropriate, perhaps even insufficient, given forecasts for weak economic growth and low inflation for years to come, a top central bank official said on Thursday.
"Inflation will run below the Fed's target of 2 percent over the next two years and the unemployment rate will remain elevated. This forecast suggests that, if anything, monetary policy is currently too tight, not too easy," said Narayana Kocherlakota, president of the Minneapolis Fed, at a meeting sponsored by the regional central bank.
(Reporting By David Bailey; Writing by Pedro Nicolaci da Costa; Editing by Eric Walsh)
