The Minneapolis Fed has replaced its president. The one being termed-out was thought, at the time of appointment, to be a conservative, Univ of Chicago guy. Which he was. But he soon changed into someone concerned with unemployment and a sagging economy. A “dove” in Fed speak.
His replacement is Neel Kashkari, an ex Goldman Sachs banker, who looks certain to be “reliable” by those choosing the president in Minneapolis. The story about the departing president, Narayana Kocherlakota, is interesting for his own description of a personal transformation. Gene Here is something from WSJ.com that might interest you: A swan song for the Fed dove who once was a hawk http://on.wsj.com/1mog6ma _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
