The chairman of the Federal Reserve Bank of Minneapolis voiced support for Narayana Kocherlakota, the bank’s president, after reports he ousted two economists.
The Federal Reserve Bank of Minneapolis said its regional economy should improve in 2011, helped by employment gains and higher businesses sales.
Gary Stern, former president of the Federal Reserve Bank of Minneapolis, said he doesn’t see an impending “inflationary disaster” as the central bank pumps money into the economy in an effort to stimulate growth.
Randall Hogan chairs the Federal Reserve Bank of Minneapolis. Sandy Cutler ran the Greater Cleveland Partnership. Tony Petrello donated $5 million to the Texas Children’s Hospital.
The following is the text of the Federal Reserve Board’s Ninth District -- Minneapolis.