Narayana Kocherlakota, Columnist

Bring the Fed’s Dead Meetings to Life

Markets dismiss non-press-conference meetings. The Fed should bow to reality.

October 12, 2016 at 11:00 AM UTC

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.

Heading to the Fed.
Photographer: JOSEP LAGO/AFP/Getty Images

Provide news feedback or report an error

Site feedback:

Take our Survey

This article is for subscribers only.

The U.S. Federal Reserve has a zombie problem.

Each year, the Fed sets the course of monetary policy at eight regularly scheduled meetings of its Federal Open Market Committee. Chair Janet Yellen holds a press briefing after only four of them.