Minneapolis Fed names new research director

by Bill Catlin, Minnesota Public Radio

St. Paul, Minn. — The Federal Reserve Bank of Minneapolis has named Kei-Mu Yi to replace Art Rolnick as the bank's director of research.

Rolnick has been a prominent personality at the bank and will retire July 31, 2010.

Yi is currently vice president and head of Monetary and Macroeconomic Research at the Federal Reserve Bank of Philadelphia.

He takes the position of senior vice president and director of research at the Minneapolis Fed in August.