(Bloomberg) -- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota, who dissented from this weeks decision on monetary policy, said the central banks new guidance about its policy intentions risks holding back economic growth by fostering uncertainty.
The Federal Open Market Committees omission of quantitative benchmarks to guide changes in interest rates creates uncertainty about the extent to which the Committee is willing to use monetary stimulus to foster faster growth, Kocherlakota said in a statement released today. This uncertainty is a drag on economic activity.
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