January 13, 2015 / 11:41 PM / 5 years ago

Fed's Kocherlakota 'uneasy' about low longer-term rates

NEW YORK, Jan 13 (Reuters) - A top Federal Reserve official said on Tuesday he was “uneasy” about the low long-term yields on Treasury bonds because it shows there are fewer safe assets for investors and it suggests rates could be persistently low in the future.

Minneapolis Fed President Narayana Kocherlakota, speaking to reporters after a speech, added the U.S. central bank would have to consider the bond-market reaction to an eventual Fed rate hike only to the extent that it affects the real economy.

Reporting by Jonathan Spicer; Editing by Chris Reese

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