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Narayana Kocherlakota was a U of M economics professor at the U of M from 2005 to 2009 before being named the 12th president of the Minneapolis Federal Reserve.

President of the Federal Reserve Bank of Minneapolis to discuss the economy at University of Minnesota "Headliners" event

Narayana Kocherlakota will discuss the role of the Fed, the U.S. labor market and his forecast for economic recovery

Contacts: Sam Boeser, College of Continuing Education, boes0060@umn.edu, (612) 624-4705
Preston Smith, University News Service, smith@umn.edu, (612) 625-0552

January 27, 2011

On Thursday, Feb. 3, Narayana Kocherlakota, president of the Federal Reserve Bank of Minneapolis, will discuss the U.S. economy and the role that the Federal Reserve policy plays in the economic recovery at a University of Minnesota "Headliners" event.

Kocherlakota serves on the Federal Open Markets Committee (FOMC), the policy-making arm of the Federal Reserve System which determines the nation’s monetary policies. He recently made headlines when he told the Wall Street Journal that the FOMC's plan to buy $600 billion of long-term treasuries this year (an action known as quantitative easing) would only have a modest effect on the economy. Kocherlakota has also stated that he expects the economy to improve more rapidly in 2011 and 2012 than was seen in 2010.

The Headliners event includes a presentation by Kocherlakota, followed by a Q&A with audience members. It will be held at 7 p.m. on Thursday, Feb. 3 at the U of M St. Paul campus' Continuing Education and Conference Center, 1890 Buford Ave., St. Paul.

Tickets are $15 and can be purchased by calling (612) 624-4000 or online at cce.umn.edu/headliners. Tickets may be available for purchase at the door, however advanced registration for the event is encouraged as seating is limited.

Kocherlakota was named the 12th president of the Federal Reserve Bank of Minneapolis in 2009. Prior to this appointment, he was a professor of economics at the University of Minnesota where he chaired the economics department from 2006–08. Under his leadership the department improved its national ranking, becoming one of the top 10 economics programs in the country. From 1999–2009, he served as a consultant to the Federal Reserve Bank of Minneapolis. Kocherlakota earned an A.B. in mathematics from Princeton University and a doctorate in economics from the University of Chicago. He has published more than 30 articles in academic journals and is the author of the book "The New Dynamic Public Finance."

Headliners is a program provided by the University of Minnesota College of Continuing Education. Through the College of Continuing Education, motivated adults enrich their personal and professional lives through learning opportunities ranging from courses, workshops and retreats, to credit certificates and bachelor's and master's degrees. For more information about the college, call 612-624-4000, or visit www.cce.umn.edu.

Tags: College of Continuing Education

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