Federal reserve bank president to speak at UMD

You don’t have to be an expert on finance to attend the Oct. 30 Labovitz School of Business and Economics’ Distinguished Speaker Series.

Narayana Kocherlakota, president of the Federal Reserve Bank of Minneapolis, will present a primer for the general public on the role of the reserve bank in a question-and-answer format. His presentation, “Federal Reserve 101: A Town Hall Meeting,” will begin at 7 p.m. at the University of Minnesota Duluth’s Weber Hall. The event is free and open to the public.

Kocherlakota is part of the Federal Open Market Committee, a group of 13 regional Federal Reserve Bank presidents who meet every six to eight weeks in Washington, D.C., to determine the nation’s monetary policy. He previously was a professor and chairman of the University of Minnesota’s

Department of Economics in Minneapolis.

Kjell Knudsen, dean of the Labovitz business school, said UMD is fortunate to get Kocherlakota to speak.

“We look forward to having him enlighten us on the internal workings of the Federal Reserve Bank,” Knudsen said in a press release. “This is an invaluable opportunity for our students and the community.”

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