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We serve the public by pursuing a growing economy and stable financial system that work for all of us.

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The Bakken Oil Boom

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Monetary Policy

We are one of the 12 districts of the U.S. central bank and, as such, our president is a member of the Federal Open Market Committee, which sets the federal funds rate. Monetary policy is at the core of our research and expert insights.
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Narayana Kocherlakota
Discussion of: “Should the FOMC Have a Ternary Mandate?”
Narayana Kocherlakota | Former President and Chief Executive Officer (2009-2015)
Speech on October 2, 2015
Speech
Narayana Kocherlakota
Public Debt and the Long-Run Neutral Real Interest Rate
Narayana Kocherlakota | Former President and Chief Executive Officer (2009-2015)
September 8, 2015
Speech
Narayana Kocherlakota
Opening Remarks
Narayana Kocherlakota | Former President and Chief Executive Officer (2009-2015)
September 3, 2015
Speech
Narayana Kocherlakota
Public Debt and the Long-Run Neutral Real Interest Rate
Narayana Kocherlakota | Former President and Chief Executive Officer (2009-2015)
August 19, 2015
Speech
Messages
A step in the wrong direction
Narayana Kocherlakota | Former President and Chief Executive Officer (2009-2015)
August 18, 2015
Article
Narayana Kocherlakota
Fiscal Policy and the Long-Run Neutral Real Interest Rate
Narayana Kocherlakota | Former President and Chief Executive Officer (2009-2015)
July 9, 2015
Speech
Working Papers
Monetary Policy and Dutch Disease: The Case of Price and Wage Rigidity
Constantino Hevia | Universidad Torcuato Di Tella Juan Pablo Nicolini | Senior Research Economist and Universidad Torcuato Di Tella
June 8, 2015
Research
Narayana Kocherlakota
Room for Improvement
Narayana Kocherlakota | Former President and Chief Executive Officer (2009-2015)
May 28, 2015
Speech
The Federal Reserve Bank of Minneapolis building and logo
Rewriting the FOMC Statement to Better Communicate Policy
May 18, 2015
Article
The Roadmap and the Destination: Words as a Monetary Policy Tool
Sam Schulhofer-Wohl
May 18, 2015
Article
The Federal Reserve Bank of Minneapolis building and logo
The FOMC's forward guidance since the crisis
May 18, 2015
Article
Staff Reports
Macroeconomic Volatility and External Imbalances
Alessandra Fogli | Assistant Director, Inequality Research and Monetary Advisor Fabrizio Perri | Assistant Director and Monetary Advisor
May 11, 2015
Research