Neel Kashkari took office as president and CEO of the Federal Reserve Bank of Minneapolis on Jan. 1, 2016, following a national search conducted by the Bank’s independent board of directors.
In this role, he serves as a voting member 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, Neel oversees all operations of the Bank, including supervision and regulation, Treasury services, and payments services.
Neel leads the Bank’s many initiatives. He was instrumental in establishing the Opportunity & Inclusive Growth Institute, whose mission is to ensure that world-class research helps to improve the economic well-being of all Americans.
Most recently, he’s supported the expansion of the Center for Indian Country Development, which advances the prosperity of Native nations and Indigenous communities through actionable data and research.
Under Neel’s leadership, the Minneapolis Fed also released an action plan on ending too big to fail, which calls for tighter bank regulations to avoid future taxpayer bailouts of large financial institutions.
Committed to increasing transparency at the Fed, Neel has published in the Wall Street Journal, Washington Post, and Financial Times and is active on Twitter and Instagram. He serves on the boards of the Economic Club of Minnesota and the Urban Institute and is a member of the Aspen Economic Strategy Group.
Neel began his career as an aerospace engineer at TRW (now Northrop Grumman) in Redondo Beach, California, 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, Neel 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. Neel received the Alexander Hamilton Award, the Treasury Department’s highest honor for distinguished service.
Following his tenure in Washington, Neel 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, Neel earned bachelor’s and master’s degrees in mechanical engineering at the University of Illinois at Urbana-Champaign and an MBA from the Wharton School of the University of Pennsylvania.
He lives with his wife, Christine; children, Uly and Tecumseh; and Newfoundland dog, Webster, in Orono, Minnesota.
Short Kashkari bio for public introductions [PDF]
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