St. Louis Fed President James Bullard discussed the relatively low natural real rate of interest (commonly called r*) and its implications for the Fed’s policy rate at the NABE Economic Policy Conference in Washington, D.C.
Presentation (pdf) | Press Release | Transcript (pdf)
Since cost of living varies across U.S. metro areas, St. Louis Fed President James Bullard says that adjusting for price differences is important for generating meaningful comparisons of living standards.
Though representing a smaller share of the District’s economy, the health care sector created half of the District’s new jobs since 2007.
FRED aggregates economic and socioeconomic data from all over the world. It gives users a set of tools to understand that data, use it and share it. Learn more about FRED in this podcast.
Workers are older, more educated and more diverse. Even traditionally low-skill jobs are requiring more schooling.