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Despite Aggressive Deleveraging, Generation X Remains “Generation Debt”

Despite Aggressive Deleveraging, Generation X Remains “Generation Debt”

In the years leading up to the financial crisis of 2007-09, members of Generation X were the most aggressive borrowers. When compared with the debt levels of other generations at the same age, they also had notably higher debt levels even after significant deleveraging over the past few years. Read more in the latest In the Balance.

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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