News & Publications
The lack of cash on hand before the pandemic appears to play a role in a renter’s or homeowner’s likelihood of experiencing distress.
The FOMC appears to have done a reasonably good job of keeping unemployment low and prices stable in the era of inflation targeting outside of large recessionary events.
We believe the Federal Reserve most effectively serves the public by building a more diverse and inclusive economy.
From St. Louis Fed President Jim Bullard
In our 2020 annual report, St. Louis Fed President James Bullard discusses various aspects of the COVID-19 crisis, including the disruption in economic activity, the swift responses from policymakers, and our economists’ extensive research on the pandemic’s impact.
FRED® Economic Snapshot
Who We Are
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.
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.
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.