• October 02, 2015

    "Three Challenges to Central Bank Orthodoxy"

    In a speech to the Shadow Open Market Committee in New York, St. Louis Fed President James Bullard discussed the orthodox view of current monetary policy, which emphasizes that the FOMC's objectives are close to being met while monetary policy settings remain far from normal, along with three challenges to that view, which relate to strict inflation targeting, low real interest rates and globalization. He concluded that the U.S. economy will likely experience better outcomes if the monetary policy orthodoxy is preserved as the guiding principle.
    Speech (pdf)

  • September 30, 2015

    Welcoming Remarks: "Community Banking in the 21st Century"

    St. Louis Fed President James Bullard welcomed attendees to the third annual community banking research and policy conference, hosted by the Federal Reserve System and the Conference of State Bank Supervisors. In addition to welcoming Federal Reserve Chair Janet Yellen to the conference, Bullard discussed regulatory burden and said more can be done to reduce that burden on community banks. He encouraged a healthy debate on these issues at this year's conference.
    Remarks (pdf)

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St. Louis Fed Financial Stress Index FRED chart

       St. Louis Fed Financial Stress Index