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Series:Annual Report 

Price stability: why we seek it and how best to achieve it

Federal Reserve Bank of Cleveland President Sandra Pianalto explains why price stability is essential for maximum employment and how the adoption of a numerical target for inflation may improve the central bank?s ability to achieve both objectives. Find the essay, along with Frequently Asked Questions about inflation.
Annual Report

Small Banks Squeezed

With consistent loan quality and resilient lending activity, community banks?and the traditional banking model they represent?can be a much-needed force for financial stability. Unfortunately, they?ve struggled to maintain market share, partly as a result of unintended consequences of public policy.
Annual Report

The limping giant: the American economy 1974-75

Annual Report

The unfolding of the 1983 recovery

An examination of the 1983 economic expansion focusing on the effects of monetary policy and a discussion of the prospects for continued economic growth.
Annual Report , Issue Jun

Embracing change

Our Changing Environment, The Payments Evolution, New Approaches to Education, Managing Risk, An Economy Transformed
Annual Report

Innovation, growth, and economic policy in an environment of change

In this report, we explore innovation as the engine of economic prosperity and argue that the greatest strength we possess is our ability to induce and embrace change, from the integration of new technologies to new peoples and cultures. Indeed, if we hope to remain an ongoing, vital player in the global economy, flexibility is likely to be our most valuable asset.
Annual Report

President’s Message: Connecting with the Communities We Serve

The St. Louis Fed connects with those we serve in a variety of ways. Our 2019 annual report focuses on the St. Louis Fed’s community development efforts, including the Delta Communities initiative and Investment Connection program.
Annual Report

Making change: reinventing the Federal Reserve

Essay from the 1997 Annual Report.
Annual Report

Should the Fed Have a Financial Stability Mandate? Lessons from the Fed's first 100 Years

President Jeffrey Lacker and Research Publications Content Manager Renee Haltom explore the Fed's role in financial stability. Following the global financial crisis of 2007-08, the Fed has been given enhanced regulatory responsibilities to prevent future crises. However, most of the Fed's actions in pursuit of financial stability have historically come through emergency lending once crises are underway. The authors conclude that arguments in favor of emergency lending are based on erroneous readings of history. Instead, emergency lending may undermine financial stability, as well as the Fed's ...
Annual Report

Congress should end the economic war between the states

1994 Annual Report essay
Annual Report , Volume 9 , Issue Mar , Pages 2-20



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