FED Vice chairman Mr Kohn remarks

• Fincl Mkts Improved But Remain Vulnerable To Shocks
• Recent Consumer Price Data `Have Been Encouraging`
• Housing To Remain `Significant Drag` On US Econ Ahead
• Fed Rate Cut Not Intended To Impede Repricing Of Risk
• Fed Rate Cut Aimed At Encouraging Moderate Growth
• For A While Risk Premiums Were Too Low, Unsustainable