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b'Narayana Kocherlakota is the Lionel W. McKenzie Professor of Economics at the University of Rochester, and he previously served as president and CEO of the Federal Reserve Bank of Minneapolis. He joins the show to discuss to discuss what it is like working as a Fed president and a member of the Federal Open Market Committee. He also shares some of his thoughts on the drawbacks of current proposals on establishing monetary rules. David\\u2019s blog: macromarketmusings.blogspot.com/ Narayana\\u2019s website: https://sites.google.com/site/kocherlakota009/ David\\u2019s Twitter: @davidbeckworth Narayana\\u2019s Twitter: @kocherlakota009 Related links: Narayana\\u2019s profile, speeches, and articles as Fed president: https://www.minneapolisfed.org/about/more-about-the-fed/presidents-of-the-minneapolis-fed/narayana-kocherlakota Narayana\\u2019s Bloomberg archive: https://www.bloomberg.com/view/contributors/APvwpZqjDaA/narayana-kocherlakota/articles Narayana\\u2019s Brookings article: Rules vs. Discretion: A Reconsideration https://www.brookings.edu/bpea-articles/rules-versus-discretion-a-reconsideration/ Responses to the Brookings article by John Taylor and George Selgin: https://economicsone.com/2016/09/17/kocherlakota-on-the-fed-and-the-taylor-rule/ http://www.alt-m.org/2016/09/22/rules-discretion-audacity-critique-kocherlakota/'