St. Louis Fed President James Bullard welcomed Kristin Forbes, who delivered this year’s Homer Jones Memorial Lecture. Until recently, Forbes was an external member of the Monetary Policy Committee for the Bank of England. She is now an economics professor at MIT. Previously, Forbes served in senior policy roles at the U.S. Treasury and on the White House Council of Economic Advisers.
Remarks (pdf) | Event Videos
Speaking in New York, St. Louis Fed President James Bullard discussed how the current cryptocurrency wave may be driving the U.S. uniform currency system toward something more like the global non-uniform currency system, which is characterized by volatile exchange rates.
Presentation (pdf) | Press Release
Millennial households had a lower net worth in 2016 than Generation X households had in 2001. But the difference may be due to millennials’ longer schooling and delays in marriage and other major life events.
“We need to fix the issue of girls thinking that they cannot study something with math,” says Paulina Restrepo-Echavarria, a St. Louis Fed research economist, in this Women in Economics podcast.
Women once faced much higher unemployment rates than men. Women now appear to be less exposed to increased joblessness during recessions than men.
How does having oil affect a developing country’s ability to repay its public debt, or sovereign debt? Economist Paulina Restrepo-Echavarria explains in our Timely Topics podcast.
“I firmly believe that there is more ‘we’ and less ‘me’ among women, which leads to productive teamsmanship and the nurturing of each other and the next generation of economists, whether male or female,” says Susan Feigenbaum in a Women in Economics podcast.
On April 1, 2018, James Bullard marked his 10th anniversary as president and CEO of the St. Louis Fed. In a series of conversations with his chief of staff, Cletus Coughlin, President Bullard reflected on his role as a policymaker, an academic and a CEO. What’s most fascinating about his journey is that his appointment coincided with the worst financial crisis and recession since the Great Depression.
Market concentration rules can limit the ability of local banks to merge when they operate in a “highly concentrated” market, a state that describes most rural communities.
The student loans black students are taking out to finance college may be contributing to racial wealth gaps.