Federal Reserve | St. Louis Public Radio

Federal Reserve

dleafy | sxc.hu

The end of the year is always a time to take stock of what has transpired during the past year and what is likely to happen in the one about to begin.  Let’s do so by considering several key economic measures.

Economic expansion limped along for another year.  Gross Domestic Product (GDP), adjusted for inflation, is the best measure of the economy’s total output. It increased this year, but not nearly as fast as many would hope, especially three years out form the end of the Great Recession.

This article first appeared in the St. Louis Beacon: Looking at stock prices over the past few months, May 22 stands out. That was the first time Fed Chairman Ben Bernanke “rocked” the markets with his comment that maybe the Fed would reconsider the magnitude and duration of its current buying scheme.

Update at 12:31 p.m. ET. Federal Reserve Announces QE3:

The Federal Reserve announced it would spend $40 billion a month on bond purchases in an effort to stimulate the economy and drive the the unemployment rate down.

The Wall Street Journal says that unlike the first two rounds of Quantitative Easing, this time the Fed will focus solely on buying mortgage-backed securities.

The St. Louis Federal Reserve is part of a central bank system that includes 12 regional reserve banks and a board in Washington, D.C.
ChrisYunker | via Flickr

The latest report by the Federal Reserve finds that there was slow to moderate growth in all the Federal Reserve districts, except St. Louis.

What’s known as the Beige Book, or a summary of current economic conditions, is published by the United States Federal Reserve Board eight times a year.

This article first appeared in the St. Louis Beacon: November 19, 2008 - They didn't pass the hat after Tuesday night's screening of the documentary "I.O.U.S.A.'' at the Missouri History Museum, but audience members did learn what their individual share of the country's nearly $60 trillion fiscal hole will be, come January: $184,000.

Commentary: The Fed's interest rate mistake

Oct 29, 2008

This article first appeared in the St. Louis Beacon: October 29, 2008 - The Fed's decision to again lower its federal funds rate will not prevent an economic downturn. In fact, this move will cause even greater problems when it decides to wean the economy from its cheap credit policy.

This article first appeared in the St. Louis Beacon: June 25, 2008 - The Federal Open Market Committee (FOMC) announced on June 25 that it would hold the interest rate on banks' overnight loans at 2 percent. It also warned that inflation will get more scrutiny in future meetings. What the economists on the committee fail to comprehend is that actions really do speak louder than words.