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Bernanke: On the Outlook for the Economy and Policy

Fed Chairman Ben Bernanke said in a speech Monday that the economy appears set for moderate growth in the coming months. "However," Bernanke said, "some important headwinds—in particular, constrained bank lending and a weak job market—likely will prevent the expansion from being as robust as we would hope." Bernanke spoke at the Economic Club of New York. [More]

Memphis Headlines

11/20 | *Media Advisory* St. Louis Fed President James Bullard To Discuss the Role of Government in the Economic Crisis
11/19 | St. Louis Fed Welcomes NPR's "Planet Money" Team
11/17 | Federal Regulators Issue Final Model Privacy Notice Form
11/16 | Fed Proposes Rules Restricting Fees and Expiration Dates on Gift Cards

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From the President

The First Phase of the U.S. Recovery

In a Nov. 18 presentation before St. Louis-area business leaders, St. Louis Fed President James Bullard described the forces driving the nascent economic recovery and posed the question: How sustainable is this growth going forward? Bullard said that labor markets are still a trouble spot, but there are signs of improvement. “While civilian unemployment remains high,” Bullard said, “the pace of job losses has slowed.” Inflation is still low, Bullard added, although global commodity prices are quite volatile and “inflation uncertainty remains elevated compared with last fall.”