MechSE alumnus to lead Minneapolis Fed bank

Los Angeles Times (Nov. 10) -- Neel Kashkari, a former Treasury Department official who was the Republican nominee for California governor in 2014, was named as the next president of the Federal Reserve Bank of Minneapolis.The MechSE alumnus is known nationally for running the $700-billion bank bailout initiative known as the Troubled Asset Relief Program, or TARP. After leaving the Treasury Department, Kashkari was managing director at Southern California bond fund giant Pacific Investment Management Co. Also: Federal Reserve of Minneapolis (Nov. 10), New York Times (Nov. 10), CNBC (Nov. 10), Wall Street Journal (Nov. 10), Bloomberg (Nov. 10), Forbes (Nov. 10), U.S. News and World Report (Nov. 10), Financial Times (Nov. 10).