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From The President

October 15, 2019

In London, St. Louis Fed President James Bullard said the FOMC continues to face a slowing U.S. economy with some downside risk. He noted that the FOMC has tried to help insure against this downside risk by altering the path of monetary policy during 2019.

FRED® Economic Snapshot

Who We Are

by Design

The Federal Reserve is a central bank system that includes the Board of Governors in Washington, D.C., and 12 independent regional Reserve banks.

This decentralized structure ensures that the economic conditions of all areas of the country are taken into account in the making of monetary policy.

Learn more about the importance of the Fed’s regional structure.


The Federal Reserve promotes a healthy economy and financial stability by:

  • Pursuing maximum employment, stable prices and moderate long-term interest rates
  • Ensuring safety and soundness of the nation's banks and financial system and protecting consumer credit rights
  • Maintaining stability of the financial system and containing systemic risk
  • Providing services to depository institutions, the U.S. government and foreign official institutions

Learn more about what we do.


The St. Louis Fed is overseen by a board of nine independent directors who are familiar with economic and credit conditions in the Eighth District.

The Bank's president, first vice president and a team of officers manage the Bank's day-to-day operations. The Management Committee is the central policymaking body of the Bank.

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