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President of the Federal Reserve Bank of Minneapolis visits NDSU

President of the Federal Reserve Bank of Minneapolis visits NDSU

Narayana Kocherlakota and Dr. Nganje

NDSU presented a town hall forum with Narayana Kocherlakota president of the Federal Reserve Bank of Minneapolis on April 15.

Kocherlakota took office as president and chief executive officer of the Federal Reserve Bank of Minneapolis in October 2009. In that capacity, Kocherlakota serves on the Federal Open Market Committee (FOMC), the policymaking arm of the Federal Reserve System. In 2014, he is a voting member of the FOMC. He also oversees all of the bank’s operations, including supervision and regulation of banks, and payment services. The Minneapolis Fed is headquarters for the Ninth Federal Reserve District, which serves Minnesota, Montana, North Dakota, South Dakota, northwestern Wisconsin, and the Upper Peninsula of Michigan.

Before his appointment as president, Kocherlakota served as a member of the Minneapolis Fed’s research staff, as well as a research consultant for the bank. His prior experience also includes professorships at the University of Minnesota, where he was chair of the economics department, and at Stanford University. 

Kocherlakota earned an A.B. in mathematics from Princeton in 1983 and a Ph.D. in economics from the University of Chicago in 1987. 

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