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The Regional Economist

The Regional Economist is a quarterly publication that addresses national and regional economic issues and their impact on the Eighth District.

How Accurate Are the CBO's Deficit Projections? Source: St. Louis Fed

In the new issue of the Review, read an analysis of decades' worth of budget projections by the Congressional Budget Office. This study is a follow-up to a similar one conducted by the same authors 10 years ago. Their motivation is to determine the extent to which the public and policymakers should rely on such projections.

PDF Version

"QE2: An Assessment" Source: St. Louis Fed

President James Bullard discussed the Fed's use of balance sheet policy, with a focus on the second quantitative easing program, at the Quantitative Easing (QE) Conference held at the St. Louis Fed's Gateway Conference Center.

Presentation

"Commodity Prices, Inflation Targeting, and U.S. Monetary Policy" Source: St. Louis Fed

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

The April 2011 NABE Industry Survey report presents the responses of 72 NABE members to a survey conducted between March 16, 2011, and March 31, 2011, on business conditions in their firm or industry and reflects first-quarter 2011 results and the near-term outlook.

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The Economic Outlook and Macroeconomic Policy - Ben Bernanke Speech Source: US Fed

The economic recovery that began in the middle of 2009 appears to have strengthened in recent months, although, to date, growth has not been fast enough to bring about a significant improvement in the job market. The early phase of the recovery, in the second half of 2009 and in early 2010, was largely attributable to the stabilization of the financial system, the effects of expansionary monetary and fiscal policies, and a strong boost to production from businesses rebuilding their depleted inventories. But economic growth slowed significantly last spring as the impetus from inventory building and fiscal stimulus diminished and as Europe's debt problems roiled global financial markets.

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St. Louis Fed President Bullard Discusses "QE2 in Five Easy Pieces" Source: St. Louis Fed

NEW YORK CITY – In remarks titled "QE2 in Five Easy Pieces" at a meeting of the New York Society of Security Analysts, St. Louis Fed President James Bullard discussed his perspective on the most recent Federal Open Market Committee policy decision to pursue additional quantitative easing.

Bullard said that while this policy carries both risks and rewards, he believes the benefits outweigh the risks.

The FOMC announced it would purchase Treasury securities at a pace of about $75 billion per month through the first half of 2011.

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The Pros and Cons of Extended Unemployment Benefits Source: St. Louis Fed

In normal times, unemployment benefits typically last for 26 weeks.  In the wake of the worst recession since the Great Depression, unemployed people in some states are getting benefits for up to 99 weeks.  Some economists think such extended benefits discourage these people from searching for jobs or accepting a so-so job offer.

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