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Meet your new Minneapolis Fed president, Neel Kashkari

Neel Kashkari
Mark Boster | Los Angeles Times | Getty Images
Neel Kashkari

Neel Kashkari, the new Minneapolis Federal Reserve Bank president and chief executive officer, won't take office until 2016, but he's been publicly expressing his views on the Fed and monetary policy for a while.

In tweets posted in the past two years, Kashkari made statements critical of the Fed — something that might indicate the direction in which he will lead the Minneapolis branch.

Here's what Kashkari had to say:


Kashkari, the unsuccessful GOP nominee for California governor in 2014, will be taking the reins from Narayana Kocherlakota, who held the Fed position since 2009 and announced last year he would not seek reappointment. In August, Kocherlakota had said he did not believe the central bank should raise interest rates this year.

"Barring big changes in the data between now and September ... I don't see a near-term increase in interest rates as being appropriate, and by near term I mean really through the course of 2015," he said in an interview on CNBC's "Squawk Box."

Kashkari, 42, formerly ran the government's Troubled Asset Relief Program during the U.S. financial crisis. He also served in the U.S. Department of the Treasury as an advisor to former Treasury Secretary Hank Paulson and then as assistant Treasury secretary between 2006 and 2009. He lost to incumbent Gov. Jerry Brown in the California gubernatorial race last year.

The Kashkari-led Minneapolis branch will be an alternate member on the Fed's policy-making committee next year and a voting member in 2017.

— CNBC's Tom DiChristopher and Jacob Pramuk contributed to this report.