President Neel Kashkari

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 named president and CEO of Minneapolis Fed, effective Jan. 1, 2016

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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


Speeches

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