• January 2015

    "Liftoff: A Comparison of Two Normalization Cycles"

    In The Regional Economist, St. Louis Fed President James Bullard discussed the 1994 and 2004-06 normalization cycles and lessons that can be learned from them. For the upcoming normalization cycle, he said that the data dependency from the 1994 case plus the transparency from the 2004-06 case would probably provide the optimal method of returning the policy rate to normal.

    President's Message

  • January 16, 2015

    Ghosts and Forecasts

    St. Louis Fed President James Bullard evaluated FOMC forecasts for 2014 and discussed implications for monetary policy in 2015. During an event in Chicago, he noted that the FOMC has been surprised in the same way two years in a row regarding its forecasts. He said that the nature of the surprise pulls the FOMC in two different directions on monetary policy.

    Press Release | Presentation (PDF)

Publications & Resources

Economic Snapshot

       St. Louis Fed Financial Stress Index