Special Hometown Helena Thursday, July 7: Neel Kashkari, President and CEO of the Federal Reserve Bank of Minneapolis
Hometown Helena Thursday, July 7: Neel Kashkari, President and CEO of the Federal Reserve Bank of Minneapolis:
- Special Guest: Neel Kashkari, President and Chief Executive Officer of the Federal Reserve Bank of Minneapolis
- Update: Helena Area Habitat for Humanity, Director Jacob Kuntz and Mike Rooney, on Habitat's recent work in Red Lodge and Fromberg following catastrophic floods.
- View this week's recording:
Message from our host Jim Smith:
Greetings Everyone,
We have a very special Hometown coming up July 7th. Mr. Neel Kashkari, President and Chief Executive Officer of the Federal Reserve Bank of Minneapolis will join us that morning. Please plan to be at the Montana Club on July 7th for an interesting, informative discussion with President Kashkari. Or as always, you can zoom in for the meeting.
My understanding is that in addition to presenting an update on the bank and its current initiatives, President Kashkari wants to hear from you; he wants to listen, he wants to take your comments and questions, and he wants to have a lively, interactive hour with us at Hometown. President Kashkari joined Hometown on a previous trip to Helena. He has good memories and he asked if another visit could be arranged while he’s in town. We’re happy to do that!
With the 4th of July coming right up, we thought it best to get the word out a little early to you all.
It’s daunting to attempt to describe the Federal Reserve, or any of its branch banks. The breadth, depth and scope of the bank’s work and its multiple responsibilities is truly remarkable. Below a link that explains it all better than I am able to. The bank’s Mission Statement and information about the Ninth District is also included below.
Established in 1914, we’re one of 12 Federal Reserve Banks. Our Helena Branch joined us in 1921.The Ninth District is composed of Montana, North Dakota, South Dakota, Minnesota, 26 counties in northwestern Wisconsin, and the Upper Peninsula of Michigan. From plains to mountains, oil to soybeans, the Ninth District offers a wide variety of resources that support the economy.
And, here’s a little bit about Mr. Kashkari himself.
Neel Kashkari took office as president and CEO of the Federal Reserve Bank of Minneapolis on Jan. 1, 2016, following a national search conducted by the Bank’s independent board of directors. In this role, he serves on the Federal Open Market Committee, bringing the Ninth District’s perspective to monetary policy discussions in Washington, D.C. In addition to his responsibilities as a monetary policymaker, Kashkari oversees all operations of the Bank, including supervision and regulation, Treasury services, and payments services.
Kashkari leads the Bank’s many initiatives. Among them, he was instrumental in establishing the Opportunity & Inclusive Growth Institute, whose mission is to ensure that world-class research helps to improve the economic well-being of all Americans.
Under Kashkari’s leadership, the Minneapolis Fed also released an action plan on ending too big to fail, which calls for tighter bank regulations to avoid future taxpayer bailouts of large financial institutions. In addition, he directed Minneapolis Fed economists to examine Minnesota’s education achievement gaps. This research revealed deep, persistent disparities across race, ethnicity, and socioeconomic status, and has helped inform efforts to close these gaps and ensure every child receives a quality public education. This work supports the Fed’s mandate to achieve maximum employment, with education being a key to obtaining a good job.
Kashkari leads the Bank’s many initiatives. Among them, he was instrumental in establishing the Opportunity & Inclusive Growth Institute, whose mission is to ensure that world-class research helps to improve the economic well-being of all Americans.
Under Kashkari’s leadership, the Minneapolis Fed also released an action plan on ending too big to fail, which calls for tighter bank regulations to avoid future taxpayer bailouts of large financial institutions. In addition, he directed Minneapolis Fed economists to examine Minnesota’s education achievement gaps. This research revealed deep, persistent disparities across race, ethnicity, and socioeconomic status, and has helped inform efforts to close these gaps and ensure every child receives a quality public education. This work supports the Fed’s mandate to achieve maximum employment, with education being a key to obtaining a good job.
Committed to increasing transparency at the Fed, Kashkari has published in the Wall Street Journal, Washington Post, and Financial Times and is active on Twitter and Instagram. He serves on the boards of the Economic Club of Minnesota and the Urban Institute, and is a member of the Aspen Economic Strategy Group.
Have a wonderful Independence Day on July 4th. C’mon down to Centennial Park that morning at 11 am to see the Boy Scouts raise Old Glory. We will recognize and thank all the Veterans and First Responders. There will be music by Montana Neon Ridge, hot dogs, root beer floats and a couple of bounce houses for the kids.
Thanks Everyone,
Jim Smith
- Regular Hometown Helena gatherings are currently on the second and fourth Thursday of the month. Additional meetings will be announced as scheduled.
- July 14 -- MRL & BNSF - Jon Bennion, MRL; Matt Jones, BNSF. Helena Fire Info/Update on conditions. Sean Logan and others.
- July 28 -- Helena Regional Airport Update - Jeff Wadekamper.
- August 11 -- East Helena Leadership.
- August 25 -- Back to School Special. K-12 Education Focus - Helena School District, East Helena School District.
- September 8 -- Back to School Special. College focus - Helena College, Carroll College.
- September 25 -- Helena Affordable Housing Update. Habitat for Humanity and others.
- October 13 -- NW Energy Supply and Demand Update and Forecast with Howard Skjervem & John Heinz. Exploration Works - Kelly Posewitz (Kelly)
