The Federal Reserve Bank of Minneapolis named Narayana Kocherlakota as its new president and chief executive, effective Oct. 8.

"For an economist who has spent his career working on issues related to macroeconomics, monetary policy and finance, there can hardly be a better job than president of a Federal Reserve Bank," Kocherlakota said in a press release.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.