President James Bullard welcomed community bankers, regulators and researchers to the fourth annual Community Banking in the 21st Century research and policy conference, echoing what he’s heard from bankers across the Eighth Federal Reserve District—that a strong banking system supports strong communities, leading to a strong economy.
President James Bullard discusses the thinking behind the St. Louis Fed’s new approach to near-term projections for the U.S. macroeconomy and for the federal funds rate. He also explains how the new approach differs from the old one.
Auto and student loans remained the fastest growing consumer debt categories in the second quarter, a Center for Household Financial Stability report states.
Cutting interest rates didn’t boost inflation. Will raising them do so, as Irving Fisher suggested in the last century?
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