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St. Louis Fed President Jim Bullard discussing monetary policy
Markets foresee higher inflation, which could test the Fed’s new monetary policy framework.
Read President Bullard's statement and our latest research.
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Economist Jane Ihrig and education coordinator Scott Wolla give tips on teaching about monetary policy.

FRED line chart that plots Real Potential Gross Domestic Product (line in blue) to Real Gross Domestic Product (line in red)
The difference between an economy’s actual output and its potential output is known as the output gap. Why is it important?
The chamber of the House of Representatives in the Idaho State Capitol Building, Boise

U.S. politics have become increasingly divisive in the past few decades. What is the relationship between party affiliation and state government expenditures?

We believe the Federal Reserve most effectively serves the public by building a more diverse and inclusive economy.

Interactive charts feature key U.S. economic indicators that update automatically.

From St. Louis Fed President Jim Bullard

August 04, 2021

St. Louis Fed President James Bullard gave his perspective on the U.S. economy, inflation risks and tapering the Fed’s bond purchases, during an appearance on Washington Post Live.

FRED® Economic Snapshot

Who We Are

Decentralized
by Design

The Federal Reserve is a central bank system that includes the Board of Governors in Washington, D.C., and 12 independent regional Reserve banks.

This decentralized structure ensures that the economic conditions of all areas of the country are taken into account in the making of monetary policy.

Learn more about the importance of the Fed’s regional structure.

Our
Mission

The Federal Reserve promotes a healthy economy and financial stability by:

  • Pursuing maximum employment, stable prices and moderate long-term interest rates
  • Ensuring safety and soundness of the nation's banks and financial system and protecting consumer credit rights
  • Maintaining stability of the financial system and containing systemic risk
  • Providing services to depository institutions, the U.S. government and foreign official institutions

Learn more about what we do.

Our
Leadership

The St. Louis Fed is overseen by a board of nine independent directors who are familiar with economic and credit conditions in the Eighth District.

The Bank's president, first vice president and a team of officers manage the Bank's day-to-day operations. The Management Committee is the central policymaking body of the Bank.

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