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Federal Reserve Board of Governors

Federal Reserve Bank Presidents

Narayana Kocherlakota

Photo of Narayana Kocherlakota

President
Federal Reserve Bank of Minneapolis

Dr. Kocherlakota took office on October 8, 2009, as the twelfth president and chief executive officer of the Ninth District Federal Reserve Bank, at Minneapolis. In 2014, he serves as a voting member of the Federal Open Market Committee.

Dr. Kocherlakota is a native of Baltimore, Maryland. He earned an A.B. in mathematics from Princeton in 1983 and a Ph.D. in economics from the University of Chicago in 1987.

Dr. Kocherlakota was a professor at the University of Minnesota from 2005 to 2009, where he served as chair of the Department of Economics from 2006 to 2008. He was a consultant to the Federal Reserve Bank of Minneapolis from 1999 to 2009. Previously, Dr. Kocherlakota was a professor at Stanford University from 2002 to 2005 and a professor at University of Minnesota from 1998 to 2002, during which time he was a Carlson Professor of Economics from 2001 to 2002. In addition, he worked as a research economist at the Federal Reserve Bank of Minneapolis from 1996 to 1998. He also served as research associate at the National Bureau of Economic Research.

As chair of the Department of Economics at the University of Minnesota, Dr. Kocherlakota led a recruiting effort that increased the number of professors and improved the departmentís national rank according to U.S. News and World Report from 15 to 10 among economics graduate programs.

Dr. Kocherlakota has authored a forthcoming book from Princeton University Press titled The New Dynamic Public Finance, which describes an approach to tax design pioneered by him and others over the past decade. In addition, Dr. Kocherlakota has published more than 30 articles in academic journals, including Econometrica, Journal of Political Economy, Journal of Economic Theory, Journal of Monetary Economics and Journal of Money, Credit and Banking. His work includes theoretical and empirical contributions to macroeconomics, monetary economics, financial economics and public finance.

Minneapolis -- Ninth District

  • Head office at Minneapolis, Minnesota.

    Branch Bank at Helena, Montana.

    Covers the states of Minnesota, Montana, North Dakota, and South Dakota; the Upper Peninsula of Michigan; and 26 counties in northern Wisconsin.

Last update: January 28, 2014