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Neel Kashkari

Why I dissented a third time

Minneapolis Fed President Neel Kashkari explains why he voted against a rate increase.

6 years ago
Neel Kashkari: The Fed has done 3 things to hold back the US economy

Members of the Federal Open Market Committee are trying to understand why inflation and wage growth are low. Fed President Neel Kashkari gives his take here.

7 years ago
Kashkari: Why it's so hard for the Fed to stop bubbles

Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, explains why it's so difficult for the Fed to spot and stop bubbles before they start doing damage.

7 years ago
Fed's Kashkari: Dimon got it wrong, 'too big to fail is alive and well'

On April 4, JPMorgan Chase (JPM) Chairman and CEO Jamie Dimon published his annual shareholder letter, much of which focused on public policy and financial regulation. First, Mr. Dimon asserts that “essentially, Too Big to Fail has been solved — taxpayers will not pay if a bank fails.” Second, Mr. Dimon asserts that “it is clear that the banks have too much capital.” Both of these assertions are demonstrably false. To make his argument that TBTF has been solved, Mr. Dimon repeatedly points to various regulatory schemes that all have the same unrealistic feature: In a crisis, bondholders will take losses rather than taxpayers.

7 years ago