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In the New Regional Economist, Find Out Why
Oil and Gas Prices Don’t Always Move in Sync

Find Out Why Oil and Gas Prices Don’t Always Move in SyncWhen the price of oil goes up, gasoline prices often rise quickly; when oil prices drop, gas prices usually fall slowly.  Read about this “rockets and feathers” phenomenon in the October issue of The Regional Economist. Among other topics in this issue: the impact of terrorism on foreign direct investment, the increasing correlation of inflation patterns in the U.S. and China, and the variance in the buying power of the federal minimum wage across the country. Also, help us improve The Regional Economist by taking our survey.

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From the President

October 2014

"A Mismatch: Close to Macroeconomic Goals, Far from Normal Monetary Policy"

Bullard

In The Regional Economist, St. Louis Fed President James Bullard noted that the Federal Open Market Committee's macroeconomic goals are close to being met, whereas current monetary policy settings are far from normal. While this mismatch is not currently causing macroeconomic problems, he said it may cause problems in the years ahead as the economy continues to expand.

Column

Oct. 2, 2014

"The FOMC: Ahead on Results, Behind on Rates"

With the FOMC's QE3 program coming to an end, St. Louis Fed President James Bullard compared expectations at the time it was launched in September 2012 with actual outcomes. During an event in Tupelo, Miss., he noted that the U.S. economy has outperformed what the FOMC expected two years ago but that the policy rate normalization process remains far behind the schedule laid out at that time. He interprets this as a degree of patience on the part of the FOMC with respect to policy rate liftoff.

Presentation (PDF)

Bio | President's Website

Multimedia

Beige Book Audio

St. Louis Fed economist Rubén Hernández-Murillo discusses current economic conditions in the Eighth District, as published in the Beige Book.

Video Archive | Audio Archive


 

Now Open

Inside the Economy Museum logo

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.