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Federal Reserve Bank Of St Louis

12:18 p.m. Sept. 28, 2020 - By Greg Robb
Fed’s Mester says economy remains ‘fragile’ The U.S. is a tale of two economies in wake of pandemic, Cleveland Fed president saysThe U.S. economy remains in ‘fragile’ condition but U.S. central bank seems to have the right policy in place, said Cleveland Fed President Loretta Mester on Monday.
8:40 a.m. Sept. 18, 2020 - By Greg Robb
Fed’s Kashkari says warnings of runaway inflation are just ‘ghost stories’ Fed’s Bostic says COVID-19 pandemic has generated “a lot of noise” in the inflation dataMinneapolis Fed President Neel Kashkari said Friday that warnings of higher inflation are just “ghost stories.”
11:39 a.m. Aug. 27, 2020 - By Greg Robb
Fed adopts new strategy to allow higher inflation and welcome strong labor markets Gone is the presumption that strong labor markets lead to out-of-control price-increasesThe Federal Reserve’s interest-rate committee on Thursday announced it has unanimously approved a new strategy seen as leading to an easier monetary policy stance.
7:56 p.m. Aug. 3, 2020 - By Greg Robb
Fed’s Evans says the power to get the economy going lies with Congress What lawmakers decide on jobless benefits will influence aggregate demand, Chicago Fed president saysChicago Fed President Charles Evans said Monday Congress is in the drivers seat in policy decisions needed to ensure economic growth in the near term.
12:02 p.m. July 16, 2020 - By Greg Robb
Fed needs stronger forward guidance to convince people ‘we’re really in it to win it,’ Evans says Chicago Fed president is another voice in favor of setting conditions to meet before interest rates riseThe U.S. central bank should adopt strong forward guidance to convince the market that ‘‘we’re in it to win it,” said Chicago Fed President Charles Evans on Thursday.
1:39 p.m. July 14, 2020 - By Greg Robb
Fed’s Bullard says stock market’s optimism has been proven right, so far St. Louis Fed President says there could be sharp drop in unemployment rates ‘if we play our cards right’St. Louis Fed President James Bullard on Tuesday said the stock market’s optimism has been validated by the economic data.
1:55 p.m. July 10, 2020 - By Greg Robb
Controversial Trump Fed nominee Shelton may move forward as Senate panel sets vote Republican skeptics had held up actionJudy Shelton’s nomination to the Federal Reserve, which had stalled since February, got fresh life on Friday when the Senate Banking Committee announced it would hold a vote on sending her name to the full Senate.
8:19 a.m. June 23, 2020 - By Greg Robb
Fed’s Bullard doesn’t see signs a damaging asset bubble is forming St. Louis Fed president says there are more questions than answers about using yield curve control as a policy toolSt. Louis Fed President James Bullard on Tuesday said he doesn’t see a risky asset bubble forming in the wake of the Fed’s efforts to battle the coronavirus pandemic.
12:45 p.m. May 28, 2020 - By Sunny Oh
Treasury yields edge higher as U.S. economic data less severe than expectedTreasury yields edged up on Thursday as analysts suggested a raft of U.S. data was not as bad as anticipated, offering modest relief to investors looking for signs that the economy was on the mend.
10:57 a.m. May 27, 2020 - By Greg Robb
U.S. economy is near bottom, poised for rebound, Fed’s Williams says Starting to see initial signs of increased economic activity as people start to move around more, New York Fed president saysNew York Fed President John Williams on Wednesday said the economy was near the bottom of the downturn and hopefully poised for a rebound.
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