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The Gold Standard and Price Inflation

The Gold Standard and Price Inflation

Some argue that a return to the gold standard would guarantee price-level stability. However, the past 30 years of low and stable inflation in the U.S. have demonstrated that the gold standard is not necessary for price stability. Read more on the St. Louis Fed on the Economy blog.

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From the President

July 17, 2014

“Fed Goals and the Policy Stance”

Bullard

St. Louis Fed President James Bullard discussed the FOMC's macroeconomic goals and the stance of monetary policy during a Greater Owensboro Chamber of Commerce event. He noted that the macroeconomic goals are close to being met; however, the monetary policy settings are far from normal. While this mismatch is not currently causing macroeconomic problems, President Bullard said it takes a long time to normalize policy and the mismatch may cause problems in the years ahead as the economy continues to expand.

News Release | Presentation (PDF)

July 2014

“Tapering and Other Key Topics in U.S. Monetary Policy”

In The Regional Economist, St. Louis Fed President James Bullard shared his views on tapering, the weak first-quarter GDP, developments in the labor market and inflation, and international monetary policy coordination. President Bullard said one welcome development so far this year has been that the Fed’s tapering process has gone relatively smoothly in terms of market reaction.

Column

Bio | President's Website

Multimedia

Economic Lowdown Podcast

In this podcast, hear what GDP measures, how it is calculated and how it is useful in determining whether and how quickly the economy is growing.

Video Archive | Audio Archive