Federal Reserve

Federal Reserve

Introduction

The Federal Reserve Bank of St. Louis convened a conference to consider how current U.S. monetary policy is informed by that 1979 milestone, by open market operations with money growth targets, and by 22 years of experience since the Fed abandoned money growth targets in 1982. Three major papers were presented, plus commentaries on each and two panels discussed their merits (Grey, 2002). Were monetary issues not such a crucial weakness in U.S. public policy, and thus a significant global concern, the St. Louis discussions might slide by as an academic exercise?

Discussion

Other commentators at the St. Louis conference from ...