Aki Ito

Federal Reserve Bank of Minneapolis President Narayana Kocherlakota, who dissented from this week’s decision on monetary policy, said the central bank’s new guidance about its policy intentions risks holding back economic growth by fostering uncertainty.

Federal Reserve policy makers have wrung out some risk in financial markets by signaling plans to wind down $85 billion in monthly bond purchases, buying time to press on with record stimulus should the economy need it.