A profile of Minneapolis Fed President Neel Kashkari.
Shortly after his appointment as President of the Federal Reserve (Fed) Bank of Minneapolis in January, Neel Kashkari delivered a speech, arguing that the largest US banks remain 'too big to fail' (TBTF), posing risks to the economy. While Kashkari is not a professional economist, his experience at the Treasury as director of the Troubled Asset Relief Program (TARP) and at major investment firms gives his views greater salience than those of less well-known Fed officials.
Kashkari's willingness to speak directly could influence the debate on the restructuring of financial institutions.
His recent speech will renew attention to the efficacy and scale of the Dodd-Frank regulatory regime.
Kashkari will use a tech sector, crowd-sourcing approach to generate new policy ideas.
