Narayana Kocherlakota



Jan 11, 2019
The Fed is planning to eliminate over a million jobs , and put millions more at risk , in order to avoid a tiny deviation from its inflation target. I’ll leave it for readers to judge whether this is a desirable gamble.


Aug 31, 2018
Keeping the economy strong is the best defense against recession.


Jul 25, 2018
President Donald Trump has recently taken an aggressive stance toward the Federal Reserve, publicly criticizing it for choking off growth by setting interest rates too high.


Mar 29, 2018
Officials at the U.S. Federal Reserve are looking to fill one of the most important positions at the world's most powerful central bank: the president of the New York Fed. They should recognize that the safest choice isn't likely to be the best.


Jan 24, 2018
This fear of raising rates rapidly is a relatively recent phenomenon -- and it’s a key drag on the overall U.S. economy.


Jan 4, 2018
In the first 18 years of the new millennium, the U.S. economy has fared much worse than it could have. If the Federal Reserve wants to improve that performance, it should consider changing the way it manages growth and inflation.


Nov 16, 2017
The country needs Yellen’s expertise and judgment at the Fed, and it needs clarity about the limits of the president’s power over the Fed. So I hope she chooses to keep serving as a Fed governor after February 1, 2018.


Oct 5, 2017
President Donald Trump has said that he will announce his nominee to head the U.S. Federal Reserve in the next few weeks.  Considering all the elements that will go into his decision, I predict that he will nominate Governor Jerome Powell.

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