Bullard on living standards across cities; low inflation; lack of retirement savings; health care labor share in developing countries; and much more.
Though representing a smaller share of the District’s economy, the health care sector created half of the District’s new jobs since 2007.
Since cost of living varies across U.S. metro areas, St. Louis Fed President James Bullard says that adjusting for price differences is important for generating meaningful comparisons of living standards.
Adjusting income to account for local cost of living provides a better picture of living standards within the St. Louis Fed’s Eighth District.
The correlation between changes in oil prices and equity returns rose sharply when the Fed’s policy rate became zero in 2008. What caused this change?
Market concentration rules can limit the ability of local banks to merge when they operate in a “highly concentrated” market, a state that describes most rural communities.