District | Little Rock | Louisville | Memphis

Top News

FOMC Leaves Fed Funds Rate Target Range Unchanged

In its press release, the Federal Open Market Committee (FOMC) said that although economic activity is likely to remain weak for a time, the committee anticipates that policy actions to stabilize financial markets and institutions, fiscal and monetary stimulus, and market forces will support a strengthening of economic growth and a gradual return to higher levels of resource utilization in a context of price stability. In these circumstances, the committee will maintain the target range for the federal funds rate at 0 to .25 percent and continues to anticipate that economic conditions, including low rates of resource utilization, subdued inflation trends and stable inflation expectations, are likely to warrant exceptionally low levels of the federal funds rate for an extended period. [More]

Louisville Headlines

11/04 | St. Louis Fed Introduces FRED® Graph Gadget
10/29 | St. Louis Fed Analysis: Recession Takes Toll on Region’s Tax Revenues
10/28 | Reynolds Joins St. Louis Fed’s Transportation Industry Council
10/27 | *Media Advisory* Economic Teamwork: A Candid Regional Economic Outlook for 2010

Learn More About Our Branch

From the President

"Three Issues for Near-Term Monetary Policy"

President James Bullard

During a speech given Oct. 11 before the National Association for Business Economics, St. Louis Fed President James Bullard reaffirmed the need for a Taylor-type policy rule for the Federal Reserve’s asset purchase program. He also expressed concern that inflation risks in the medium term may be higher than widely believed, with too much emphasis being given to the idea that the recession implies that the output gap is currently quite large.

Read the press release

View the presentation

Bio | President's Web Site