
NK for NK: that was the story on January 1 at the Minneapolis Fed. Narayana Kocherlakota’s six-year term ended on December 31 and Neal Kashkari took charge on January 1. Kocherlakota shook up the institution at 90 Hennepin Avenue and I’ve been wondering in whether Kashkari would continue those changes or dial them back. The answer is now in: it’s back to the future at the Minneapolis … [Read more...]