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Continuity and Community Interact at the St. Louis Fed

Wednesday, October 1, 2008

When I settled into my new position as the St. Louis Fed president in April, I knew one of the first things bankers and others in the financial industry would want to know was, what do I think and believe? As we go forward, I'll be sharing those beliefs through various venues.

Before becoming president in April, I was an economist and deputy director of research for monetary analysis in the Research division. (See for a list of my published work.) I conducted economic analysis in the field of macroeconomics and monetary theory, and worked side by side with former presidents Bill Poole and Tom Melzer, helping them design policies and prepare for the Federal Open Market Committee meetings. Like both Poole and Melzer, I am committed to preserving the strong monetarist tradition for which the St. Louis Fed is known.

In the past several months, I have had the opportunity to share with the public some of my fundamental beliefs about monetary policy through various speeches I have delivered. (Speeches are available at

An integral part of my role as president of the St. Louis Fed is to meet with bankers, business leaders and community leaders, particularly from our District, but also from throughout the United States and the rest of the world. This interaction lets me hear your thoughts and concerns about the local, national and international economy. This source of information is highly valuable because your feedback provides me with a picture of the economy-at both the macroeconomic and microeconomic levels-that I can use in my policymaking role. I accomplish this through different economic, educational and community events, such as board of directors meetings, economic forums and business luncheons.

I plan to visit all District branch cities in the coming months; so, watch for invitations or visit I look forward to meeting and hearing from you in the coming months and years.