In the New Regional Economist, Find Out Why
Oil and Gas Prices Don’t Always Move in Sync
When 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.
- 10/21 | Webinar
Your Money, Your Goals: Financial Empowerment Toolkit
- 10/21 | Little Rock, Ark.
Pre-Service Educator Workshop
- 10/22 | Little Rock, Ark.
Financial Education Day - Little Rock
- 10/22 | Louisville, Ky.
Financial Education Day - Louisville
- 10/21 | Remarks by Governor Powell on community banking
- 10/20 | Speech by Governor Tarullo on good compliance
- 10/17 | Speech by Chair Yellen on perspectives on inequality and opportunity from the Survey of Consumer Finances
- 10/08 | Minutes of the Federal Open Market Committee, September 16-17, 2014
"A Mismatch: Close to Macroeconomic Goals, Far from Normal Monetary Policy"
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.
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.
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.