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Board of Governors of the Federal Reserve System
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Federal Reserve Board of Governors

Federal Reserve Bank Presidents

Neel Kashkari

Photo of Neel Kashkari

Federal Reserve Bank of Minneapolis

Neel Kashkari took office January 1, 2016, as the 13th president and chief executive officer of the Ninth District Federal Reserve Bank, at Minneapolis. In 2017, he serves as a voting member of the Federal Open Market Committee.

Mr. Kashkari was born on July 30, 1973, in Akron, Ohio. He has a bachelor's and a master's degrees in mechanical engineering, both from the University of Illinois at Urbana-Champaign, and an M.B.A. from the Wharton School at the University of Pennsylvania.

Before taking office at the Federal Reserve Bank of Minneapolis, Mr. Kashkari was managing director and member of the executive office at PIMCO. In January 2013, he resigned from the firm to explore a run for public office. In 2014, he was a candidate for governor of California.

Prior to joining PIMCO in 2009, Mr. Kashkari served in the U.S. Department of the Treasury from 2006 to 2009, first as senior adviser to Secretary Henry Paulson and then as assistant secretary of the Treasury. In the latter role, he established and led the Office of Financial Stability and oversaw the Troubled Assets Relief Program (TARP) for both Presidents George W. Bush and Barack Obama.

Before joining the Treasury Department, Mr. Kashkari was a vice president at Goldman Sachs in San Francisco. Previously, he was an aerospace engineer at TRW Corp.

Minneapolis -- Ninth District

  • Head office at Minneapolis, Minnesota.

    Branch Bank at Helena, Montana.

    Covers the states of Minnesota, Montana, North Dakota, and South Dakota; the Upper Peninsula of Michigan; and 26 counties in northern Wisconsin.

Last update: January 31, 2017