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Beige Book: Most Regions See Increased Economic Activity Since Last Update

Beige Book

Most regions have experienced increased economic activity since early February, according to the latest issue of the Beige Book, released Wednesday.  The exceptions were the St. Louis and Cleveland Districts, where activity declined.  In the St. Louis District, the slight decline was driven primarily by layoffs in nonfinancial services, real estate market conditions and continuing mixed reports in commercial real estate.  An audio summary of Eighth District conditions, presented by St. Louis Fed economist Rubén Hernández-Murillo, is available in English or Spanish.


From the President

April 7, 2014

"Two Views of International Monetary Policy Coordination"


St. Louis Fed President James Bullard discussed a traditional view and an alternative view of monetary policy coordination at the 27th Asia/Pacific Business Outlook Conference. While he noted that there is room for debate, Bullard endorsed the traditional view, in which policymakers follow good policy focused on domestic variables and the gains from international monetary policy coordination are small.

News Release | Presentation (PDF)

April 2014

"The Rise and Fall of Labor Force Participation in the U.S."

In The Regional Economist, St. Louis Fed President James Bullard shared his perspectives on U.S. labor force participation. He concluded that demographically based empirical models of the trend in the labor force participation rate do a good job of explaining the data. To the extent these models are correct, Bullard said the unemployment rate remains as good an indicator of overall labor market health as it has been historically.


Bio | President's Web Site
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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