Kocherlakota announces Fed departure

narayana-kocherlakota

Narayana Kocherlakota, a vocal supporter of accomodative monetary policy on the Federal Open Market Committee, will step down in early 2016, he announced today.

Kocherlakota today said he will not seek a new term as Federal Reserve Bank of Minneapolis president following the conclusion of his current one on February 29, 2016.

Kocherlakota, who was handed the role amid the great recession in 2009, has emerged as the most dovish voice on the FOMC in recent years.

He has repeatedly criticised his c

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