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Banks Report Brighter 1Q Profit Picture;
Asset Quality Remains Problematic

Central Banker

Bank earnings rose dramatically in the Eighth District and U.S. peer institutions in the first quarter of 2011, primarily because of a sharp drop in funds set aside to cover future loan losses.  Review the numbers in Central Banker’s “Quarterly Report” and the District-wide “First-Quarter 2011 Bank Conditions” roundup.

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From the President

May 24, 2011

"Commodity Prices, Inflation Targeting, and U.S. Monetary Policy"

Bullard

St. Louis Fed President James Bullard discussed commodity prices, headline vs. core inflation, inflation targeting, and monetary policy during a presentation at a joint meeting of the Cape Girardeau and Jackson Rotary Clubs.

Presentation | Press Release | Op-Ed

May 18, 2011

"Measuring Inflation:
The Core Is Rotten"

St. Louis Fed President James Bullard discussed why U.S. monetary policy needs to de-emphasize core inflation and should instead focus on headline inflation during a speech at a Money Marketeers of New York University event.

Speech

Bio | President's Web Site
Upcoming Events

Multimedia

The Economic Lowdown Podcast

June 17, 2011 | Listen

Money has taken many forms through the ages: shells, wheels, beads and even cows. All forms, though, have always had three things in common. Find out what they are in this eight-minute podcast.