St. Louis Fed President James Bullard discussed innovation and entrepreneurship as a local development strategy, trends in startup firms in recent decades, and the return of "bubble" talk about the technology market as he delivered the keynote address at the Emerging Venture Leaders Summit in St. Louis. Earlier in the day, he met with key leaders in the St. Louis innovation and startup communities.
President James Bullard delivered welcoming remarks at the 26th annual Homer Jones Memorial Lecture. He introduced this year’s speaker, noted economist and monetary policymaker Athanasios Orphanides, who discussed “Fear of Liftoff: Uncertainty, Rules and Discretion in Monetary Policy Normalization.” Jones, a former research director at the St. Louis Fed, played a major role in helping the Bank become a leader in monetary research and statistics.
Some countries’ business cycles are in sync with the world’s, while other countries’ cycles follow the ups and downs just of their neighbors’. This regional connection is even more prevalent if a region is defined not by geography but by common cultures and institutions.
The decision to look for a job, as well as some measures of income inequality, are closely connected with the living arrangements people choose and, therefore, are important to policymakers.