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Minneapolis Federal Reserve President Narayana Kocherlakota on Tuesday said the central bank is not doing all it can to promote faster job creation and a quicker decline in the U.S. unemployment rate. In a speech in Rochester, Minn., Kocherlakota restated his belief that the Fed is moving too fast to reduce economic stimulus meant to boost growth. He would prefer the Fed to maintain an easy-money policy until unemployment falls a lot further from its 6.7% rate - or inflation rises a lot faster. In March, Kocherlakota was the sole Fed official to dissent when the bank voted to trim its bond-buying economy stimulus program by another $10 billion a month. He said inflation remains too low at 1% and the jobless rate too high to justify such a reduction. "We have to conclude that the [Federal Open Market Committee] is underperforming with respect to its goal of promoting maximum employment," he said.