Federal Reserve Bank of St Louis
St Louis Fed's Poole on inflation targeting
In the speech 'Inflation targeting' given on 16 February William Poole of the Federal Reserve Bank of St. Louis said an explicit inflation target would help the Federal Reserve do a better job of anchoring expectations and ensuring low and stable prices.
Fed's Poole: Rate rise forecast 'sensible'
St. Louis Fed President William Poole said in an interview published on Monday 23 January that inflation is less worrying now but one or more interest-rate hikes by the Fed could be considered a "sensible forecast".
St Louis Fed's Regional Economist, January 2006
The Regional Economist, January 2006 edition, from the St Louis Fed includes the article "A lesson in productivity for higher ed". College tuition has increased dramatically over the past decade, yet few think the quality of graduates has kept up…
St Louis's Poole on the US current account deficit
In the speech 'How dangerous is the U.S. current account deficit?' given on 9 November William Poole of the Federal Reserve Bank of St. Louis said the situation facing the United States is deeply different from that facing nations that have experienced…
Poole sees further Fed tightening if needed
A top Fed policy-maker said on Thursday 17 November that core US inflation and inflation expectations have weathered high energy prices and if necessary, the Federal Reserve will raise interest rates to make sure this remains.
Fed Reserve Bank of St Louis Review, Nov/Dec 2005
The latest edition of the St Louis Fed's Review for Nov/Dec 2005 includes the article "An analysis of recent studies of the effect of foreign exchange intervention" which surveys recent empirical studies of the effect of foreign exchange intervention and…
Poole on the Fed's monetary policy rule
In the speech 'The Fed's monetary policy rule' given on 14 October William Poole of the Federal Reserve Bank of St. Louis said Federal Reserve policymakers cannot be locked into long-term policy decisions but must instead remain ready to react to…
St Louis's Poole: How predictable is Fed policy?
In the speech 'How predictable is Fed policy?' given on 4 October William Poole of the Federal Reserve Bank of St. Louis said the Federal Reserve has no timetable to alter its policy statements but when that change comes it would signal the end of the…
St Louis Fed's Regional Economist, October 2005
The Regional Economist, October 2005 edition, from the St Louis Fed includes the article "Gramm-Leach-Bliley turns 5". More than five years have passed since Congress enacted the Gramm-Leach-Bliley Act, tearing down regulatory barriers that separated…
St Louis Fed names new first vice president
David A. Sapenaro, 42, has been named first vice president and chief operating officer of the Federal Reserve Bank of St. Louis.
St Louis Fed's Central Banker, Fall 2005
The St. Louis Fed's Central Banker magazine for Fall 2005 has been published. In the latest edition Julie Stackhouse, senior vice president of Banking Supervision and Regulation, shares her thoughts about why lenders should engage in prudent risk…
Fed Reserve Bank of St Louis Review, Sep/Oct 2005
The latest edition of the St Louis Fed's Review for Sep/Oct 2005 includes an article "Targeting versus instrument rules for monetary policy" which advances arguments that contradict all of the four objections forwarded in Lars Svensson's 2003 paper on…
Poole: After Greenspan Whither Fed Policy?
In the speech 'After Greenspan: Whither Fed Policy?' given on 6 July, William Poole, President of the Federal Reserve Bank of St. Louis, said Alan Greenspan's eventual successor faces a stiff credibility test from markets but could ease the transition by…
St Louis Fed's Regional Economist, July 2005
The Regional Economist, July 2005 edition, from the St Louis Fed includes the article "Do we have a saving crisis?" Theoretically, the decline in saving jeopardizes the US economy because savings are lent to businesses for investment. In reality, the US…
Fed Reserve Bank of St Louis Review, Jul/Aug 2005
The latest edition of the St Louis Fed's Review for Jul/Aug 2005 includes the proceedings from the 29th economic policy conference of the Federal Reserve Bank of St. Louis, "Productivity, labor, and the Business Cycle."
Fed's Poole on the term structure of interest rate
In the speech 'Understanding the term structure of interest rates' given on 14 June, William Poole of the Federal Reserve Bank of St. Louis said long-term interest rates have stayed steady in the face of rising short-term rates because the economy, and…
St Louis Fed's Central Banker, Summer 2005
The St. Louis Fed's Central Banker magazine for Summer 2005 has been published. The latest edition includes an article by Julie Stackhouse, senior vice president of Banking Supervision and Regulation, who shares her thoughts about how community bankers…
Fed rate increases appropriate says Poole
A top Federal Reserve officials said on Wednesday the Fed was correct to raise interest rates gradually because recent indications of an economic soft spot are misguided.
Fed Reserve Bank of St Louis Review, May/June 2005
The latest edition of the St Louis Fed's Review for May-June 2005 includes the articles "Monetary policy and commodity futures" and "Using implied volatility to measure uncertainty about interest rates".
Fed Reserve Bank of St Louis Review, Mar/Apr 2005
The latest edition of the St Louis Fed's Review for March-April 2005 includes an article by Allan Meltzer "Origins of the Great Inflation". The Great Inflation from 1965 to 1984 is the climactic monetary event of the last part of the 20th century. The…
Poole warns not to expect predictable rate rises
A top Federal Reserve policy-maker said on Tuesday 19 April that US inflation prospects are good but markets should not expect a re-run of last year's predictable pattern of interest rate rises.
St Louis Fed's Regional Economist, April 2005
The Regional Economist, April 2005 edition from the St Louis Fed includes the article "The trickle-down effect of Basel II" which says the new banking accord could make survival for some regional and community banks more difficult. Also included is "So…
St Louis Fed's Poole on current account balances
In the speech 'A perspective on the graying population and current account balances' given on 8 March William Poole of the Federal Reserve Bank of St. Louis said aging populations and shrinking workforces in Japan and Europe may help reduce the U.S…
Fed's Poole: How should the Fed communicate?
In the speech 'How should the Fed communicate?' given on 2 April William Poole of the Federal Reserve Bank of St. Louis said U.S. growth is strong and the Federal Reserve must ensure it confronts the risk of higher inflation.