Youngest regional Fed president adapts central bank communication to social media

Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, is adapting what most of the public views as oft-quirky central bank talk to the social media age.

As reported by Bloomberg:

"For 30 years, or maybe longer, the Fed had adopted this Wizard of Oz posture, that we’re so mysterious, we’re so powerful, don’t ask any questions."

"At the end of the day, we’re here to work on behalf of Main Street."

Kashkari, at 42 the youngest regional Fed bank president, has frequently used his Twitter account to post quick comments and respond to questions.

Recently he set a new communication standard for central bankers by adding an inflation-target emoji to one of his posts: