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William Poole

President's Message: Reflections of a Monetary Policymaker

By William Poole

 

President's Message: Bailing Out the Markets Is Not a Goal of Fed Policy

By William Poole

 

Greatly Strengthened Banking System Aided Economy Since Early 1990s

By William Poole

In his final Feditorial for Central Banker, retiring Fed President Bill Poole discusses how a strong and well-capitalized banking system subject to well-designed prudential supervision has increased the economy’s resilience.

 

Stable Prices, Stable Economy: Keeping Inflation in Check Must Be No. 1 Goal of Monetary Policymakers

By William Poole and David C. Wheelock

Conventional wisdom holds that if policymakers are too focused on controlling inflation, then employment, output growth and financial stability will suffer. But the conventional wisdom is wrong, according to the data.

 

President's Message: Nonprime Mortgage Woes—How We Got There, Where To Go Next

By William Poole

 

President's Message: Driving Home the Responsibilities of a Policymaker

By William Poole

 

President's Message: Decline in Labor Force Participation Could Lower Standard of Living

By William Poole

 

Expanded Mission Means a Sturdier Stool

By William Poole

Bank President Bill Poole examines how the St. Louis Fed has expanded our mission to include two important functions.

 

President's Message: Industry Councils Bring Firsthand Insights to Our Regional Economic Outlook

By William Poole

 

President's Message: “Core” or “Total” Inflation—Which Is the Fed’s Focus?

By William Poole

 

President's Message: Slowdown in Housing Won’t Shut Down Economic Growth

By William Poole

 

How Dangerous Is the U.S. Current Account Deficit?

By Cletus C. Coughlin Michael R. Pakko, and William Poole,

Although this deficit has been rising steadily since the early 1990s, a “hard landing” for the U.S. economy is unlikely. One reason is that only in the United States can so many foreigners invest so much money and get such good returns.

 

President's Message: Wal-Mart Application Focuses Spotlight on Industrial Loan Companies

By William Poole

 

President's Message: Colleges Need To Learn about Productivity

By William Poole

 

Stop Paying More for Less: Ways to Boost Productivity in Higher Education

By Thomas A. Garrett and William Poole

College tuition has increased dramatically over the past decade, yet few think the quality of graduates has kept up. Decentralizing the administration and privatizing such things as housing and food service would boost productivity, as would ditching tenure and improving teaching.

 

President's Message: Despite Flaws, CAFTA Is Step in Right Direction

By William Poole

 

President's Message: Latest Oil “Shock” Differs Significantly from Those of the ’70s

By William Poole

 

President's Message: Basel II—Good for Banks, Good for Financial Stability

By William Poole

 

The Real Population Problem: Too Few Working, Too Many Retired

By William Poole and David C. Wheelock

It's not the total number of people that should be causing worry, but the number of retired people relative to those still working.  Across the world, the ranks of retirees are swelling as the ranks of those working—and paying taxes to support retirees—are not keeping up.  Something—or someone—has got to give.

 

President's Message: Volcker’s Handling of the Great Inflation Taught Us Much

By William Poole

 

President's Message: "Offshoring" of Jobs Opens Doors to Other Opportunities

By William Poole

 

Entrepreneurs in the U.S. Face Less Red Tape

By William Poole and Howard J. Wall

Government red tape is minimal for those starting a business in this country compared with many other places around the globe.  It is this relatively unfettered policy environment that allows our strong entrepreneurial spirit to flourish.

 

Feditorial: Interactive Features on Our Web Site Enhance Two-Way Communication

By William Poole

 

President's Message: Productivity Is the Gift That Keeps On Giving

By William Poole

 

President's Message: Pension Reform Is Needed Now

By William Poole

 

President's Message: Check 21 Will Lead to Savings of Time, Money

By William Poole

 

President's Message: Lessons from Japan

By William Poole

 

President's Message: Putting War to the Cost/Benefit Test

By William Poole

 

What Should a Central Bank Look Like?

By William T. Gavin and William Poole

To figure out what a central bank should look like, consider that most have three features in common: independence, transparency and a goal of low and stable inflation.

 

President's Message: Tracking the U.S. Dollar

By William Poole

 

President's Message: The Fed Lends a Helping Hand—and Sometimes a Push

By William Poole

 

Anecdotes Help Fed to Steer the Economy

By William Poole and Howard J. Wall

Formal data don’t tell policy-makers everything they need to know about the economy. The Federal Open Market Committee also pays attention to anecdotes gathered from the front lines of business.

 

President's Message: To Sustain Financial Stability

By William Poole

 

President's Message: Untold Story of FOMC: Secrecy Is Exaggerated

By William Poole

 

President's Message: Deflating Expectations About Falling Prices

By William Poole

 

President's Message: Checks Lose Market Share to Electronic Payments—and the Economy Gains

By William Poole

 

Feditorial: Economic Forecasts: Is It Possible to Predict the Future?

By William Poole

Most economists have about as much confidence in economic forecasts as they do in forecasts about the local weather.

 

Feditorial: Banks and the Fed Must Work Together During a Crisis

By William Poole

 

President's Message: Despite Dark Events, Prospects Remain Bright

By William Poole

 

President's Message: Blackouts in California Shouldn't Cause Panic Here

By William Poole

 

Feditorial: CRA in a Changed Financial Marketplace

By William Poole

 

President's Message: Recession Fears May Be Overstated

By William Poole

 

President's Message: Predicting the Fed

By William Poole

 

President's Message: Monetary Policy in the New Economy

By William Poole

 

President's Message: When Politics Makes No Bedfellows

By William Poole

 

President's Message: Fed Challenge—Beyond the Briefcase

By William Poole

 

President's Message: Modernization for the New Millennium

By William Poole

 

Price Stability And The Rising Tide: How Low Inflation Lifts All Ships

By William Poole and Howard J. Wall

The low and stable inflation that the Fed has relentlessly pursued over the past decade or so has buoyed virtually all demographic groups, enabling most Americans to do a lot more than just keep their heads above water.

 

Feditorial: Y2K: A Post-Mortem

By William Poole

Outcome was well worth the expense and effort.

 

President's Message: How Long Can The Expansion Continue?

By William Poole

 

Feditorial: Rising to the Challenge of Economic Education

By William Poole

To live independently, a person must know the basics.

 

President's Message: Why Y2K Is A Blessing, Not A Curse

By William Poole

 

Feditorial: Providing a Bridge to the Community

By William Poole

 

President's Message: What's in a Name? Regional, and Lots of It

By William Poole

 

President's Message: On Spreads and Recessions

By William Poole

 

President's Message: It's A Small World, After All

By William Poole

 

Feditorial: Stability of Banks Cushions Shocks from Afar

By William Poole

The Russian default suddenly changed the financial landscape.

 

President's Message: The Importance of Economic Education

By William Poole

 

Feditorial: Ducking Those Questions

By William Poole

Every member of the FOMC shares a deep committment to long-term low inflation.

 

President's Message: Learning to Talk Fed-Speak

By William Poole