Speaking in Fayetteville, Ark., St. Louis Fed President James Bullard deconstructed a Taylor-type rule to help explain the current monetary policy debate. He also used the boiled-down equation to explain the St. Louis Fed's projected policy rate path of 0.63 percent over the forecast horizon.
Presentation (pdf) | Press Release
Given that productivity growth is one of the most important drivers of higher real GDP growth in the long run, St. Louis Fed President James Bullard discusses factors that influence productivity over time in his column in The Regional Economist.
The labor force participation rate for married men has dropped, while the rate for married women has risen. Husbands may be working part time or even staying out of the workforce, while wives—who have become more educated—are more likely to work full time.
Auto and student loans remained the fastest growing consumer debt categories in the second quarter, a Center for Household Financial Stability report states.
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