Goldman alum named Minneapolis Fed head

November 10, 2015 9:20 PM

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The Federal Reserve Bank of Minneapolis named Neel Kashkari, 42, its new president and chief executive officer starting January 1. Kashkari doesn't have the traditional economist pedigree, but instead started his career working on the James Webb Space Telescope as an an aerospace engineer at TRW in Southern California.

Kashkari, though, is best known for his involvement with President Bush's $700 billion Troubled Asset Relief Program, or TARP, designed to shore up the financial crisis as unfolded in 2008. But most recently, we was a investment banking professional at Goldman Sachs and also an investment profession...

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