Minneapolis Fed President Narayana Kocherlakota will step down in 2016 when his term expires. He’s not a voter next year. He started out at the Fed as a bit of a hawk but has turned into a relentless dove, almost a zealot.
He’s rubbed people at the Fed the wrong way since the very beginning. A little known story is that Fed Governor Daniel Tarullo voted against his appointment in 2009, in what was an extraordinarily rare move.
Kocherlakota