U economist named president of Minneapolis Fed

  • Article by: CHRIS SERRES , Star Tribune
  • Updated: September 30, 2009 - 9:18 PM

Narayana Kocherlakota, 45, will replace former chief Gary Stern, who announced his retirement in April after leading the Minneapolis Fed for 24 years.

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noinkSep. 30, 09 4:03 PM

Time to Audit the Fed and then start to dismantle it.

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dbeilkeSep. 30, 09 9:27 PM

Hope he is open minded if he is. 8 years of Reagan and 12 more of Bush I and II told us all we need to know about that failed experiment. Failed supply side ideology + Greenspan's monetarist policies = massive bubbles and crashes. The Fed isn't the problem, it's those who were pulling the strings.

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DroneMonkSep. 30, 0911:32 PM

Nice pedigree. Too bad we're in for some very rough financial policy seas in the years ahead, and the job will likely break his heart. Here comes the debt, here comes the debt.

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ccschonsOct. 1, 0910:18 PM

Gary Stern's views on "too big too fail" institutions obviously went completely unheeded; so now the public is out Stern's salary for at least the last 24 years, plus his pension, and we still have to pay the cost of dealing with the worst financial crisis in eighty years. The Fed system of regional banks and its bloated staffs sounds like yet another scam to me!

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