Please consider downloading the latest version of Internet Explorer
to experience this site as intended.
Tools Search Main Menu

Tag: Narayana Kocherlakota

Narayana Kocherlakota to Fed: Stop banks from paying dividends

Narayana Kocherlakota to Fed: Stop banks from paying dividends

April 27, 2020

In advance of this week’s Fed meeting, Kocherlakota calls on the Fed to prohibit banks from paying dividends to shareholders. “Banks should be keeping as much capital as they can,” he says.

Continue Reading

Rochester economist: Without stronger leadership, ‘disaster’ lies ahead

Rochester economist: Without stronger leadership, ‘disaster’ lies ahead

April 11, 2020

Without a coordinated system of testing, tracing, and quarantining for COVID-19, economic activity cannot resume—and the downturn will be steeper and longer than any since before World War II, says Rochester economist Narayana Kocherlakota.

Continue Reading

Rochester economist: ‘Congress will have to do more’ to fight recession

Rochester economist: ‘Congress will have to do more’ to fight recession

March 31, 2020

The $2 trillion stimulus plan working its way through Congress likely won’t be adequate to save the US economy from recession in the face of the coronavirus pandemic, says University of Rochester economist Narayana Kocherlakota.

Continue Reading

Rochester economist expects the Fed to stay the course

Rochester economist expects the Fed to stay the course

January 27, 2020

At the committee’s first meeting of 2020, Rochester professor Narayana Kocherlakota expects the Federal Open Market Committee to hold the course on interest rates, as issues from trade wars to impeachment loom.

Continue Reading

‘Absurd’ for Fed to leave its policy framework unchanged

‘Absurd’ for Fed to leave its policy framework unchanged

December 9, 2019

Rochester professor of economics Narayana Kocherlakota expects to be disappointed this week, as the Federal Reserve Open Market Committee has signaled that it will make no changes to an eight-year-old policy statement for meeting inflation and unemployment goals.

Continue Reading

The Great Recession: The downturn that wouldn’t end

The Great Recession: The downturn that wouldn’t end

November 1, 2019

The Great Recession officially lasted through June 2009, with unemployment levels peaking in October of that year. And while unemployment is now the lowest it’s been in the last 50 years, Rochester experts say the recession is still very much with us.

Continue Reading

Rochester economist: Low inflation rates hurt the Fed’s credibility

Rochester economist: Low inflation rates hurt the Fed’s credibility

October 25, 2019

“There’s a lot of evidence that in the last eight years or so the Fed has lost control,” says Narayana Kocherlakota, the Lionel W. McKenzie Professor of Economics at the University of Rochester.

Continue Reading

Fed meeting likely to bring rate cut and dissent, says Rochester economist

Fed meeting likely to bring rate cut and dissent, says Rochester economist

September 17, 2019

President Donald Trump is calling on the Federal Reserve to zero out interest rates—or adopt a negative rate—at its meeting this week. But Narayana Kocherlakota says that won’t happen.

Continue Reading

Jumpy stock market hides economy’s positives

Jumpy stock market hides economy’s positives

August 29, 2019

The Dow Jones Industrial Average has been on a wild ride in August, but University of Rochester economist Narayana Kocherlakota thinks that talk of a possible recession in the US is premature.

Continue Reading

Expect the Fed to begin lowering interest rates

Expect the Fed to begin lowering interest rates

July 25, 2019

Next week’s meeting of the Federal Reserve will likely mark the beginning of a prolonged period of lower interest rates, says Narayana Kocherlakota, professor of economics and a former president of the Federal Reserve Bank of Minneapolis.

Continue Reading