Tuesday, March 25, 2008
He replaces longtime president William Poole, who is retiring after ten years. The St. Louis Fed has a reputation for a high-quality research program and an advocacy of price stability extending back to the 1960s. It's a big task Jim faces, and he recognizes.
As the Eighth District charts its course for the future, I plan to focus on a few key areas by building upon the St. Louis Bank's strong economic research tradition; continuing to provide world-class, relevant economic information and education; enhancing the Bank's outreach to industry and university economics programs; and gathering and disseminating information used for economic policy decisions.Good luck and congratulations from St. Cloud!