Narayana Kocherlakota

Former President/CEO

Narayana Kocherlakota is a Bloomberg Opinion columnist. He is a professor of economics at the University of Rochester and was president of the Federal Reserve Bank of Minneapolis from 2009 to 2015.

Latest

Stagflation Is Just What the Economy Needs

Bloomberg Opinion

Stagflation Is Just What the Economy Needs

The Federal Reserve should be — and appears to be — aiming for a period of elevated unemployment and inflation.

November 30, 2022

November 30, 2022

OpinionNarayana Kocherlakota

Stagflation Is Just What the Economy Needs

The Federal Reserve should be — and appears to be — aiming for a period of elevated unemployment and inflation.

Stagflation Is Just What the Economy Needs

October 26, 2022

October 26, 2022

OpinionNarayana Kocherlakota

Markets Didn’t Oust Truss. The Bank of England Did.

The way the UK government fell should worry all who support democracy.

Markets Didn’t Oust Truss. The Bank of England Did.

March 21, 2022

March 21, 2022

OpinionNarayana Kocherlakota

The Fed Needs a Boring Bank Regulator

Instead of another Sarah Bloom Raskin, Biden should nominate an apolitical Fed staffer.

Senate Banking Committee Confirmation Hearing For Federal Reserve Nominees

March 18, 2022

March 18, 2022

OpinionNarayana Kocherlakota

Has the Fed Given Up on Fighting Inflation?

It’s doing exactly the opposite of what’s needed to get prices under control.

Faking It

March 7, 2022

March 7, 2022

OpinionNarayana Kocherlakota

The Senate Needs to Shore Up the Federal Reserve

By failing to confirm key nominees, legislators are leaving the central bank poorly prepared for a momentous policy-making meeting.

The Senate Needs to Shore Up the Federal Reserve

January 25, 2022

January 25, 2022

OpinionNarayana Kocherlakota

One Crucial Question for Biden’s Fed Nominees

Would they be willing to destroy jobs to keep inflation under control?

One Crucial Question for Biden’s Fed Nominees

December 20, 2021

December 20, 2021

OpinionNarayana Kocherlakota

The Fed’s Pivot Is the Opposite of Hawkish

The central bank’s policy stance is actually much more dovish than it was a year ago. This doesn’t bode well for the economy.

The Fed’s Pivot Is the Opposite of Hawkish

December 14, 2021

December 14, 2021

OpinionNarayana Kocherlakota

The Federal Reserve Faces a Troubling 1965 Parallel

The inflationary experience of the 1970s had its roots in the previous decade.

Federal Reserve Chair Jerome Powell Announces Fed Decision On Interest Rates

November 10, 2021

November 10, 2021

OpinionNarayana Kocherlakota

Biden’s Fed Appointments Should Send a Message

The central bank needs to be independent, effective and more diverse.

Federal Reserve Jackson Hole Economic Symposium

November 5, 2021

November 5, 2021

OpinionNarayana Kocherlakota

Is the Fed Playing Politics With Interest Rates?

If so, look out for a 1970s-style inflationary spiral.

Roll Back Food Prices

July 24, 2020

July 24, 2020

OpinionNarayana Kocherlakota

The Fed Needs to Focus on Employment

Forward guidance will work best if it targets a 4% jobless rate.

Unemployment Rates Drops To 3.6 Percent

July 22, 2020

July 22, 2020

OpinionNarayana Kocherlakota

Yes, the Fed Should Target Racial Equality

Biden’s third mandate would benefit all Americans.

Black Lives Matter Protesters Join Living Wage Activists For Rally And March In Chicago

July 6, 2020

July 6, 2020

OpinionNarayana Kocherlakota

To Fix Discrimination, We Need to See It

Research methods are biased against finding bias.

Using Microscope

July 1, 2020

July 1, 2020

OpinionNarayana Kocherlakota

The Fed Has Too Much Empathy for Banks

It needs policy makers with more diverse backgrounds.

Federal Reserve Board Holds Open Meeting

June 23, 2020

June 23, 2020

OpinionNarayana Kocherlakota

How Structural Racism Has Shaped the Fed’s Leadership

Black candidates face higher hurdles to get the top jobs.

Alan Greenspan Retires As Chairman Of The Fed

June 11, 2020

June 11, 2020

OpinionNarayana Kocherlakota

The Fed Is Choosing Banks Over People

Falling short of its mandate means letting America down.

Unemployed Hospitality And Service Workers Lead Caravan Die-In In Florida

June 4, 2020

June 4, 2020

OpinionNarayana Kocherlakota

What the Fed Can Do to Speed the Recovery

Put a cap on long-term interest rates.

Fed Chairman Jerome Powell Holds Video News Conference Following FOMC Rate Decision

May 27, 2020

May 27, 2020

OpinionNarayana Kocherlakota

Three Ways Congress Can Save the Economy

These measures can work no matter what your ideology.

Unemployed Hospitality And Service Workers Lead Caravan Die-In In Florida

May 22, 2020

May 22, 2020

OpinionNarayana Kocherlakota

America Has Opted for a Bad Recession

The coronavirus dilemma isn’t about lives versus the economy.

Airline Industry Continues To Be Economically Devastated By Coronavirus Pandemic

May 13, 2020

May 13, 2020

OpinionNarayana Kocherlakota

The Fed Should Stop Being Such a Drag

The central bank needs to fight unemployment more aggressively.

Fed Chair Jerome Powell Livestreams FOMC Statement