January 27, 2020

Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting in September 2019. At the committee’s first meeting of 2020, Rochester professor Narayana Kocherlakota expects them to hold the course on interest rates. (Getty Images photo)

A strong US economy and reduced tensions in the international trade arena. That’s why Narayana Kocherlakota, the Lionel W. McKenzie Professor of Economics at the University of Rochester, expects the Federal Open Market Committee (FOMC) to stay the course at its first meeting of the year January 28 and 29.

Kocherlakota, a former president of the Federal Reserve Bank of Minneapolis, says that will likely be the story for all of 2020. One development to watch is President

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