FOMC Says Current Fed Funds Rate Target Remains Appropriate
Today, the Federal Open Market Committee (FOMC) reaffirmed that the current federal funds rate target range (0 to 0.25 percent) remains appropriate. Based on the committee’s current assessment of progress toward maximum employment and 2 percent inflation, the FOMC judges that it can be patient in beginning to normalize the stance of monetary policy, according to the statement released.
- 12/16 | Latest Issue of In the Balance Unveils Financial Health Scorecard
- 12/12 | St. Louis Fed’s New ‘Financial Health Scorecard’ Can Predict Personal Wealth
- 12/11 | Financial Market Stress Is Highest in Six Weeks
- 12/11 | House Prices Up, Seriously Delinquent Mortgages Down in Third Quarter in U.S.
- 01/29 | St. Louis, Mo.
The Stock Market Game Workshop
- 04/02 - 04/03 | Washington, D.C., 20008
Economic Mobility: Research & Ideas on Strengthening Families, Communities & the Economy
- 12/03 | Speech by Governor Brainard on the Federal Reserve's financial stability agenda
- 12/02 | Opening remarks by Governor Brainard
- 11/21 | Testimony by Governor Tarullo on physical commodities
- 11/20 | Speech by Governor Tarullo on liquidity regulation
Nov. 14, 2014
"Does Low Inflation Justify a Zero Policy Rate?"
St. Louis Fed President James Bullard discussed whether current macroeconomic data can rationalize the exceptionally low setting for the policy rate. During an event in St. Louis, he said that inflation at the current level is not enough to justify remaining at the zero lower bound. He added that low inflation can justify a policy rate somewhat lower than normal, but not zero.
"A Commitment to Serving the Public"
In the St. Louis Fed's centennial commemorative report, President James Bullard noted that the decentralized, regional structure of the Federal Reserve System has been an important aspect of its design over the past 100 years. For example, the structure allows input from around the country for important policy decisions. He also discussed what he sees for the Fed's next 100 years as well as his vision for the St. Louis Fed.
Beige Book Audio
The St. Louis Fed’s Inside the Economy Museum is now open. Immerse yourself in a one-of-a-kind experience that explains the economy through nearly 100 exhibits, games, sculptures and videos. Walk-ins and groups are welcome. Admission is free. Go to the museum website to plan your visit.