Fed's Kocherlakota: Low rates boost stock markets

ROCHESTER, Minn., April 8 Tue Apr 8, 2014 2:16pm EDT

ROCHESTER, Minn., April 8 (Reuters) - It should come as no surprise that stock valuations have risen during the long period of near-zero interest rates in the United States, Minneapolis Federal Reserve Bank President Narayana Kocherlakota told a business group here.

"That's what theory says," he said. (Reporting by Ann Saphir; Editing by Leslie Adler)

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