Federal Reserve Bank of Minneapolis President to Meet with Bankers in Pierre

Photo of Neel KashkariSouth Dakota bankers are invited to a bankers-only meeting with Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, on Thursday, Feb. 8, in Pierre to discuss local and regional business conditions. The meeting will be held at 7:30 to 8 a.m. at the Ramkota Hotel & Conference Center in Pierre and in conjunction with the SDBA's State Legislative Day on Feb. 7.

Kashkari is looking for bankers to provide a sense of business conditions in the region and state which, in turn, helps inform the Fed’s monetary policy given his presence on the Federal Open Market Committee, where the Federal Reserve sets monetary policy. Kashkari will also save some time at the end of the meeting to answer a few questions from bankers, and any remaining questions can get the conversation going at a Town Hall Forum that is open to the public at 8 to 9 a.m.

When the Minneapolis Fed visits a local community, it does so to learn about that community and its economy, but also to hear about statewide issues and activity. These two meetings are part of a broader itinerary that also includes listening sessions with other local business leaders, elected officials (including Gov. Daugaard) and tribal leaders from across the state. All of this is to help familiarize Kashkari with local communities that make up the Ninth District and give him a better understanding of what drives each unique local and state economy.

The Minneapolis Fed is charged with understanding current business conditions in the Ninth District, which includes South Dakota as well as Montana, North Dakota, Minnesota and portions of Wisconsin and Michigan. 

  • Those interested in attending the bankers-only meeting at 7:30 a.m. should contact the SDBA's Halley Lee, which will also automatically register you for the Town Hall Meeting at 8 a.m.
  • Those interested in attending only the Town Hall Meeting at 8 a.m. should register online
  • If you haven't yet registered for the SDBA's State Legislative Day on Feb. 7, click here.
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