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Fed official: Do 'whatever it takes' to raise employment

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In a remarkably aggressive move for a Federal Reserve official , the president of the Federal Reserve Bank of Minneapolis in a speech Thursday urged his colleagues at the central bank to commit to "whatever it takes" to raise employment — including a higher level of inflation. Minneapolis Fed President Narayana Kocherlakota, who has led the bank since 2009, invoked the iron will of former...