Neel Kashkari

Neel Kashkari worked at Goldman Sachs in investment banking and fixed income before joining the US Treasury Department in 2006. When the financial crisis hit in 2008, he became the first head of TARP (Troubled Asset Relief Program), the $700 billion government program to stabilize the banking system. He later worked at PIMCO before becoming President of the Federal Reserve Bank of Minneapolis in 2016. At the Minneapolis Fed, Kashkari has been known for sometimes dissenting from rate hike decisions, arguing for a more employment-focused interpretation of the dual mandate. He has also been vocal on issues of income inequality, systemic risk in banking, and the need for higher capital requirements for large banks. His unusual career trajectory — from Goldman banker to crisis manager to central banker — made him one of the more publicly visible regional Fed presidents.