Federal Reserve Chairman Ben Bernanke and Minneapolis Federal Reserve President Narayana Kocherlakota will speak on Thursday.

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Furthermore, Minneapolis Fed chief Narayana Kocherlakota, a former dissenter, has quietly moved to a more dovish stance, adding further support for the Chairman.

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Minneapolis Federal Reserve Bank President Narayana Kocherlakota will speak on Thursday.

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Minneapolis Federal Reserve Bank President Narayana Kocherlakota will speak on Tuesday.

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As was expected before the FOMC meeting, Richard Fisher of the Dallas Fed, Narayana Kocherlakota of the Minneapolis Fed, and Charles Plosser of the Philly Fed dissented with Bernanke.

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Four presidents of regional Fed banks will step into the rotation at the Fed's policy meeting in late January: Charles Evans of Chicago, Charles Plosser of Philadelphia, Richard Fisher of Dallas and Narayana Kocherlakota of Minneapolis.

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In a speech made to the Financial Planning Association of Minnesota recently, Minneapolis Fed president Narayana Kocherlakota emphasized the need to encourage spending and build up consumer and business confidence in the economy.

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Admitting that the Federal Reserve is responsible for creating financial instability, and possibly brewing the next toxic asset bubble, Minneapolis Fed President Narayana Kocherlakota said they have to do more to stimulate the economy, as inflation is too low.

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The latest round of FOMC minutes showed more discussion on the state of the economy, more debate on whether or not further accommodation was needed, and the dissent of three Fed Governors, Richard Fisher, Narayana Kocherlakota, and Charles Plosser.

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