President Neel Kashkari

Neel KashkariNeel Kashkari took office as president and chief executive officer of the Federal Reserve Bank of Minneapolis on January 1, 2016, following a national search conducted by the Bank’s independent board of directors.

In this role, he serves on the Federal Open Market Committee, bringing the Ninth District’s perspective to monetary policy discussions in Washington, D.C. In addition to his responsibilities as a monetary policymaker, Kashkari oversees all operations of the bank, including supervision and regulation, treasury services and payments services. He has also been instrumental in establishing the Opportunity & Inclusive Growth Institute to promote greater economic equity.

Committed to increasing transparency at the Fed, Kashkari has published in the Wall Street Journal, Washington Post and Financial Times and is active on Twitter and Instagram. He also serves on the board of the Economic Club of Minnesota and as a member of the Aspen Economic Strategy Group.

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 and, in 2014, ran for governor of California on a platform focused on economic opportunity.

Raised in Ohio, 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. He lives with his wife, Christine, and Newfoundland dogs—Winslow, Webster and Newsome—in Orono, Minnesota.


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Papers & Articles

Financial Times op-ed: The U.S. Federal Reserve should use forward guidance now, August 21, 2019

A strategy to re-anchor inflation expectations, June 21, 2019

WSJ Op-Ed: Unemployment Isn’t What It Used to Be, May 9, 2019

WSJ Op-Ed: Pause Interest-Rate Hikes to Help the Labor Force Grow, October 26, 2018

Star Tribune Op-Ed: There’s more to the Hamilton story than the musical, August 27, 2018

The Flattening Yield Curve, July 16, 2018

WSJ Op-Ed: How the Unfettered Fed Flattened the Phillips Curve, May 21, 2018

Financial Times Op-Ed: The Fed should not move too quickly to raise rates, May 21, 2018

Washington Post Op-Ed: Big banks still threaten the economy, March 8, 2018

WSJ Op-Ed: Immigration Is Practically a Free Lunch for America, January 19, 2018

Why I Dissented a Third Time, December 18, 2017

November 29, 2017, Neel Kashkari Twitter Q&A, November 28, 2017

StarTribune Op-Ed: We must weed out Minnesota's lousy charter schools, October 18, 2017

My Take on Inflation, October 2, 2017

WSJ Op-Ed: New Bailouts Prove ‘Too Big to Fail’ Is Alive and Well, July 9, 2017

Why I Dissented Again, June 16, 2017

Jamie Dimon’s Shareholder (Advocacy) Letter, April 6, 2017

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


Neel Kashkari speaking at the 2019 NAFOA Fall Finance & Tribal Economies Conference
Prior Lake, MN, October 7, 2019 Video

Neel Kashkari speaks to the MN chapter of the NACD in Minneapolis
Minneapolis, MN, September 4, 2019 Video

Monetary Policy Framework Review
Santa Barbara, CA, May 16, 2019

Neel Kashkari's Town Hall Forum in Fargo, North Dakota
Richard H. Barry Hall - North Dakota State University, April 3, 2019 Video

Watch video of President Neel Kashkari before Minnesota’s Senate Finance Committee
Saint Paul, MN, March 5, 2019 Video

Neel Kashkari remarks from town hall in Long Lake, MN
Long Lake, MN, February 3, 2019

Live Debate - Ten Years After the Global Financial Crisis, the System Is Safer
New York, NY, January 16, 2019 Video

Neel Kashkari at Rochester Area Chamber of Commerce
Rochester, MN, January 15, 2019 Video

Neel Kashkari at Jewish Community Relations Council
Minneapolis, January 10, 2019 Video

Neel Kashkari at Minnesota Ag & Food Summit
Minneapolis, November 15, 2018 Video

Neel Kashkari at Carlson Wagonlit October 1, 2018 Video

Neel Kashkari at Immigration Panel Discussion in Worthington, MN July 12, 2018 Video

Neel Kashkari at the Land Data for Promoting Indian Business and Homeownership on Reservations Event
Mystic Lake Center, July 9, 2018

Neel Kashkari at African Development Center of Minnesota June 21, 2018 Video

Neel Kashkari at AchieveMpls June 1, 2018 Video

Outlook for U.S. Monetary Policy & Implications on Energy Sector May 23, 2018 Video

Neel Kashkari at MN Housing May 17, 2018 Video

Neel Kashkari at Howard University Symposium on Too Big to Fail
Howard University, April 16, 2018 Video

Neel Kashkari at Associated General Contractors of Minnesota April 12, 2018 Video

Neel Kashkari at the Regional Economic Indicators Forum April 3, 2018 Video

Neel Kashkari remarks from events in NYC, NY (audio only) March 23, 2018

Neel Kashkari at Bloomberg Business Executive Dinner February 21, 2018 Video

Neel Kashkari's Town Hall Forum in Pierre South Dakota
Amphitheater II, Pierre Ramkota Hotel & Conference Center, February 8, 2018 Video

Neel Kashkari speaking at Cargill January 9, 2018 Video

Neel Kashkari at Lambda Alpha International December 19, 2017 Video

Neel Kashkari's Town Hall Forum in Winona, Minnesota
East Hall, Kryzsko Commons, Winona State University, November 27, 2017 Video

Tribal Community Perspectives on Higher Education
Federal Reserve Bank of Minneapolis, September 27, 2017

Neel Kashkari's Town Hall Forum in Grand Forks, North Dakota September 25, 2017 Video

Neel Kashkari Speaking at the Carlson School of Management at the University of Minnesota
McNamara Alumni Center, September 5, 2017 Video

Neel Kashkari with the Edina Rotary Club
Edina Country Club, August 17, 2017 Video

Neel Kashkari at the Independent Community Bankers of Minnesota Annual Convention
JW Marriott, August 11, 2017 Video

Neel Kashkari at the Rotary Club of Downtown Sioux Falls
Holiday Inn, August 7, 2017 Video

Neel Kashkari Speaking at the Business Networking Luncheon in Woodbury
Woodbury Area Chamber of Commerce, July 28, 2017 Video

Neel Kashkari at the Minnesota Women's Economic Roundtable luncheon
The Minneapolis Club, July 11, 2017 Video

Neel Kashkari's Town Hall Forum in Houghton, Michigan June 27, 2017 Video

Neel Kashkari's Town Hall Forum in Ashland, Wisconsin May 24, 2017 Video

Neel Kashkari with Paul Weech at a CICD Roundtable
Federal Reserve Bank of Minneapolis, May 23, 2017 Video

Conversation with Neel Kashkari at the Minnesota Business Ethics Awards
Nicollet Island Pavilion, May 10, 2017 Video

Neel Kashkari at the MN High Tech Association 2017 Spring Conference May 9, 2017 Video

Q&A with Neel Kashkari at Claremont McKenna College
Claremont McKenna College, April 24, 2017 Video

Q&A with Neel Kashkari at Fink Investing Conference
UCLA Anderson School of Management, April 24, 2017 Video

Neel Kashkari at the Community Economic Development Symposium April 21, 2017 Video

Neel Kashkari at the Minnesota Business Partnership April 11, 2017 Video

Q&A with Neel Kashkari at the 2017 Banking Law Institute
Minnesota CLE Conference Center, March 31, 2017 Video

Transforming Education
Washington, DC, March 23, 2017

Ending Too Big to Fail – The Minneapolis Plan at the 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 Video

Introducing the Opportunity and Inclusive Growth Institute
Minneapolis Urban League, January 18, 2017 Video

Neel Kashkari Presents the Minneapolis Plan to End Too Big to Fail
Economic Club of New York, November 16, 2016 Video

Q&A with Neel Kashkari
Eau Claire Chamber of Commerce, November 9, 2016 Video

An Evening with Neel Kashkari at the University of Montana
College of Humanities and Sciences, University of Montana, October 13, 2016 Video

Q&A with Neel Kashkari at Bethel University
Bethel University, October 11, 2016 Video

Opening Remarks at the Early Childhood Development in Indian Country Conference
Minneapolis, October 5, 2016 Video

Town Hall Event Featuring President Kashkari
Rapid City, SD, September 29, 2016 Video

Fireside Chat with Neel Kashkari at Institutional Investor Conference
Minneapolis, MN, September 28, 2016 Video

Neel Kashkari Q&A at BOMA's Thought Leader Seminar in Saint Paul, MN September 12, 2016 Video

Conversation with Federal Reserve Bank Presidents James Bullard and Neel Kashkari July 15, 2016

An Update on Ending Too Big to Fail
Washington, D.C., June 20, 2016 Video

The Role and Limitations of Monetary Policy
Minneapolis, Minnesota, May 9, 2016 Video

Update on Minneapolis Fed Ending Too Big to Fail Initiative
Minneapolis, April 18, 2016 Video

A Conversation with Neel Kashkari at Greater MSP February 23, 2016 Video

Lessons from the Crisis: Ending Too Big to Fail
Brookings Institution, Washington, D.C., February 16, 2016 Video