Welcoming Remarks: St. Louis Fed Professors Conference

Nov. 7, 2024

St. Louis Fed President Alberto Musalem delivered prerecorded welcoming remarks at the 22nd annual St. Louis Fed Professors Conference at the Federal Reserve Bank of St. Louis.

Full Text of Prerecorded Welcoming Remarks

Any opinions expressed here are my own and do not necessarily reflect those of the Federal Reserve System or the Federal Open Market Committee.

Welcome to the 22nd annual St. Louis Fed Professors Conference. I wish I could be with you in person, but I’m glad to take a few moments to welcome you.

The St. Louis Fed has a proud tradition of supporting economic education, and we’re thrilled to continue that legacy with this year’s conference.

Our commitment to economic education stems from its far-reaching impact on individuals and the broader economy.

By promoting economic understanding, the Fed helps people make better financial decisions, leading to healthier consumer behavior and contributing to a more resilient and stable economy.

An economically literate public also gains a deeper understanding of the Fed’s role in monetary policy, its goals and its influence on the broader economy.

In fact, economic literacy can play a role in enhancing policy transparency and effectiveness. A more informed public better understands, interprets and responds to FOMC policy decisions.

The St. Louis Fed is a recognized national leader in economic education. We’re proud of that reputation. We of course don’t do it alone. We collaborate closely with our colleagues across the Federal Reserve System to empower teachers and professors nationwide. We support the critical work that you do every day.

Thank you for being part of this year’s conference. I wish you a productive and insightful experience.