Minneapolis Fed president to speak on monetary policy limits March 20

Narayana Kocherlakota, PhD, president of the Federal Reserve Bank of Minneapolis, will present “On the Limits to Monetary Policy” for the second-annual Hyman P. Minksy Lecture at 4:30 p.m. Tuesday, March 20 in the Bryan Cave Moot Courtroom in Anheuser-Busch Hall.


Co-sponsored by the Weidenbaum Center on the Economy, Government, and Public Policy and the Department of Economics in Arts & Sciences, the lecture is free and open to the public.

Kocherlakota will draw upon his expertise and research in monetary economics, asset pricing and public finance.

Kocherlakota became the 12th president of the Federal Reserve Bank of Minneapolis on Oct. 8, 2009.

As president, Kocherlakota serves on the Federal Open Market Committee (FMOC), the policymaking arm of the Federal Reserve System, consisting of the presidents of the 12 Federal Reserve banks and the members of the Board of Governors.

The FOMC meets every six to eight weeks in Washington, D.C, to determine monetary policy for the nation.

In addition to participation in monetary policymaking, the Federal Reserve Bank of Minneapolis supervises numerous banking organizations and provides a variety of payments services to financial institutions and the U.S. government.

Prior to becoming president of the Federal Reserve Bank of Minneapolis, Kocherlakota was a professor of economics at the University of Minnesota, where he previously chaired the economics department, and a consultant to the Federal Reserve Bank of Minneapolis.

He also was a research associate at the National Bureau of Economic Research.

From 1996-98, he was a research staff member at the Minneapolis Fed.

Kocherlakota earned a Ph.D. in economics from the University of Chicago in 1987.

For more information or to register for the event, contact Melinda Warren at (314) 935-5652 or warren@wustl.edu.