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Journal Article
Whose side is the Federal Reserve on?
President's Message.
Journal Article
Should the Fed be made more accountable?
Journal Article
A low inflation policy is a pro-growth policy
Journal Article
A new look at the regional economy
Journal Article
Tales from the flood
Journal Article
The cashless society and the Federal Reserve
President's Message.
Journal Article
To conclude: keep inflation low and, in principle, eliminate it
The U.S. economy performed well across the board in 1997, with low unemployment, robust economic growth, and the lowest sustained inflation in decades. Nevertheless, the current framework for monetary policymaking does not ensure that inflation is down for the count, says Federal Reserve Bank of St. Louis president Thomas C. Melzer in a speech reprinted here. In this speech, Melzer argues that the Federal Reserve ought to secure the best environment for economic growth by adopting multi-year inflation targets to reduce the trend rate of inflation and keep inflation low.
Journal Article
Encouraging community reinvestment