Skip to main content

Minneapolis Fed chief says state weathered recession 'notably better' than nation

Federal Reserve President Narayana Kocherlakota says Minnesota is further along in the economic recovery than the nation as a whole and fared better during the recession, as well.
  • Author:
  • Updated:
    Original:

Federal Reserve President Narayana Kocherlakota says Minnesota is further along in the economic recovery than the nation as a whole and fared better during the recession, as well.

Next Up

Willmar Police Department

Police: Suspect arrested in Willmar after firing gun at officer

The incident led to a manhunt that lasted into early Sunday morning.

Monti Ossenfort

Vikings lead off general manager interviews with Monti Ossenfort

Several candidates will interview for the job this week.

Payton Willis

Gophers' rally comes up short, lose to Iowa

The Gophers came back from a 23-point deficit but couldn't complete the comeback.

pixabay-fire-truck-side-close

Firefighters respond to smoke-filled cabin to find man asleep inside

A wood stove was determined to be the cause of the smoke.

snow plow msp airport

MSP snowplow drivers reach contract agreement after threatening strike

Teamsters Local 320 reached an agreement with the Metropolitan Airports Commission Saturday.

Kellen Moore

What you should know about the Vikings' head coach candidates

Seven candidates were revealed on Saturday morning.

20211010_Vikings_Lions_REG05_1119 (2)

What is the next Minnesota Vikings GM inheriting?

A look at the strengths and weaknesses of the Vikings' roster and situation

ambulance

Man dies after being 'punched in the head' during altercation in Duluth

A 46-year-old man is in custody and facing 1st-degree manslaughter charges.

Deion Sanders

Deion Sanders says Zimmer, Spielman hadn't spoken 'in months'

Sanders' comments revealed some of the Vikings' issues last season.

police tape, crime scene

Brooklyn Park man pleads guilty in 2020 fatal drive-by shooting

Devon Manley will be sentenced to life in prison with the possibility of parole after 30 years.

Related

Minneapolis Fed chief expects several years of high unemployment

The president of the Minneapolis Federal Reserve Bank expects modest improvements in unemployment numbers over several years. Narayana Kocherlakota spoke at a lucnheon Friday, adding that the overall recovery will take longer: "If you're thinking five years, I don't think you'll be disappointed,"

Mpls. Fed chief: interest rates should stay low until unemployment falls to 5.5%

The president of the Federal Reserve Bank of Minneapolis has a reputation for being nervous about inflation and backing higher interest rates to guard against it. That's why some economists were surprised by his Thursday speech. Narayana Kocherlakota said -- as long as inflation is under control -- interest rates should remain at rock-bottom levels until unemployment falls to 5.5 percent.

Creators behind gang program say it's working, hope for new funding as grant runs out

The Star Tribune reports on a two-year program in Minneapolis that aims to persuade young men to leave gang life by offering them steady work and job training. The program will soon run out of federal money, so the creator's behind the program are going public in hopes of securing another source of cash.

Key to improving schools? How about better recesses

A nonprofit group maintains that better fitness, higher grades, and less bullying can all be achieved by improving recess. The group is working with nine Twin Cities area schools. It favors a revival of old-school organized games such as kickball, four square, and capture the flag.

Percentage of Minnesotans without health insurance no better than during recession

Health officials with the state and the U of M say the proportion of uninsured Minnesotans is holding steady at nine percent. The job market has improved since 2009, but apparently many of the new jobs do not come with health insurance.