President Neel Kashkari
Neel Kashkari took office as president and chief executive officer of the Federal Reserve Bank of Minneapolis on January 1, 2016. In this role, he serves on the Federal Open Market Committee, bringing the Fed’s Ninth District’s perspective to monetary policy discussions in Washington. In addition to his responsibilities as a monetary policymaker, Kashkari oversees all operations of the bank, including supervision and regulation, and payments services. He is on the Board of the Economic Club of Minnesota and the Twin Cities PBS (TPT) President’s Council.
Kashkari began his career as an aerospace engineer at TRW in Redondo Beach, Calif., where he developed technology for NASA space science missions. Following graduate school, he joined Goldman Sachs in San Francisco, where he helped technology companies raise capital and pursue strategic transactions.
From 2006 to 2009, Kashkari served in several senior positions at the U.S. Department of the Treasury. In 2008, he was confirmed as assistant secretary of the Treasury. In this role, he oversaw the Troubled Assets Relief Program (TARP) during the financial crisis. Kashkari received the Alexander Hamilton Award, the Treasury Department’s highest honor for distinguished service.
Following his tenure in Washington, Kashkari returned to California in 2009 and joined PIMCO as managing director and member of the executive office. He left the firm in 2013 to explore returning to public service.
In January 2014, Kashkari was a gubernatorial candidate in the state of California, running on a platform focused on economic opportunity.
Kashkari earned his bachelor’s and master’s degrees in mechanical engineering at the University of Illinois at Urbana-Champaign and his MBA from the Wharton School at the University of Pennsylvania.
Neel Kashkari's Twitter account [off-site]
Papers & Articles
Why I Dissented, March 17, 2017
WSJ Op-Ed: Make Big Banks Put 20% Down—Just Like Home Buyers Do, The Wall Street Journal, February 14, 2017
Why I Voted to Keep Rates Steady, February 7, 2017
Taylor rule would have kept millions out of work, January 5, 2017
Computer Can’t Do the Fed’s Job, The Wall Street Journal, December 19, 2016
Nonmonetary Problems: Diagnosing and Treating the Slow Recovery, September 12, 2016
Transforming Education, Tenth Biennial Federal Reserve System Community Development Research Conference, Washington, D.C., March 23, 2017
Ending Too Big to Fail – The Minneapolis Plan at the NABE Economic Policy Conference, NABE Economic Policy Conference, Washington, D.C., March 6, 2017
Q&A with Neel Kashkari in Golden Valley, Financial Planning Association of Minnesota, February 21, 2017
Introducing the Opportunity and Inclusive Growth Institute, The Federal Reserve Bank of Minneapolis, Minneapolis, Minnesota, January 18, 2017
The Minneapolis Plan to End Too Big to Fail, Too Big to Fail at the Economic Club of New York, Economic Club of New York, November 16, 2016
Q&A with Neel Kashkari, Economic Outlook luncheon, Eau Claire Chamber of Commerce, Wisconsin, November 9, 2016
An Evening with Neel Kashkari at the University of Montana, College of Humanities and Sciences, Montana, October 13, 2016
Q&A with Neel Kashkari at Bethel University, Minnesota, October 11, 2016
Town Hall Event, South Dakota School of Mines, Rapid City, South Dakota, September 29, 2016
Fireside Chat, Institutional Investor Conference, Minneapolis, Minnesota, September 28, 2016
The Fourth Symposium on Ending Too Big to Fail, The Federal Reserve Bank of Minneapolis, Minneapolis, Minnesota, September 26, 2016
Q&A at BOMA's Thought Leader Seminar, Saint Paul, Minnesota, September 12, 2016
Conversation with Federal Reserve Bank Presidents James Bullard and Neel Kashkari, Official Monetary and Financial Institutions Forum, St. Louis, Missouri, July 15, 2016
An Update on Ending Too Big to Fail, The third symposium on Ending Too Big to Fail at the Peterson Institute in Washington, D.C., June 20, 2016
The Role and Limitations of Monetary Policy, Economic Club of Minnesota, Minneapolis, Minnesota, May 9, 2016
Update on Minneapolis Fed Ending Too Big to Fail Initiative, Minnesota Chamber of Commerce, Minneapolis, Minnesota, April 18, 2016
A Conversation with Neel Kashkari at Greater MSP, Bloomington, Minnesota, February 23, 2016
Lessons from the Crisis: Ending Too Big to Fail, Brookings Institution, Washington, D.C., February 16, 2016