Oh Dearie Me

The St Louis Fed is one of the state central banks of the USA, serving the state of Missouri.

Sigh.

The Federal Reserve Bank of St. Louis is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., make up the United States’ central bank. Missouri is the only state to have two main Federal Reserve Banks (Kansas City also has a bank).[1] Located in downtown St. Louis, the St. Louis Fed is the headquarters of the Eighth Federal Reserve District, which includes the state of Arkansas and portions of Illinois, Indiana, Kentucky, Mississippi, the eastern half of Missouri and West Tennessee.

The US doesn’t have state central banks. It has regional reserve banks which are part of the federal system.

Sigh.

To the economics data geek this central bank is invaluable. Its web site is an absolute treasure trove of data, especially when it comes to reliable statistics presented in usable formats.

On the other hand, yes, FRED is pretty cool.

Oh, and as to the little paper that he’s found? Anyone give me an over and under on his picking up this point?

Similarly, a government that exercises its power to monetize debt is likely to experience a jump in the price level.