Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Standard view
Full view
of .
Look up keyword
Like this
0 of .
Results for:
No results containing your search query
P. 1
St. Louis Fed 2007 Annual Report

St. Louis Fed 2007 Annual Report

Ratings: (0)|Views: 17 |Likes:

More info:

Categories:Types, Business/Law
Published by: Federal Reserve Bank of St. Louis on Oct 31, 2011
Copyright:Attribution Non-commercial


Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less





2 |ederal reserve bank o s. louis
I can’ hink o a beter way o characerize BillPoole’s 10-year presidency a he Federal ReserveBank o S. Louis han o summon an old expres-sion: When sailing hrough rough waers, keep aseady hand a he wheel.Wheher we’re alking abou he naional andinernaional economic scene or he changingoperaing environmen here a he Bank, choppysur has been he rule raher han he excepionover he pas decade—a period during which heS. Louis Fed was orunae o have Bill, an avidsailor, a he helm. On he Federal Open MarkeCommitee, Bill’s seady hand proved invaluableduring crises such as he Asian inancial mel-down, he 9/11 erroris atacks and he recensubprime morgage debacle.Wha assuredly will be one o Bill’s lasing lega-cies was his advocacy o clear communicaions—keeping surprises o a minimum while helping hemarkes undersand he underlying principlesbehind FOMC decisions. Pracicing wha hepreaches, Bill gave nearly 150 speeches during hispresidency, oen speaking on he record wihreporers aerward o answer heir quesionsand help eliminae conusion. Someimes heFederal Reserve is accused o being overly andunnecessarily myserious. Through his acions,Bill sough o alleviae any misundersandings ormisconcepions abou he Fed.Despie serving as he Bank’s CEO or 10 years,Bill likes o say ha he is always an academic ahear. And i’s he eacher in him ha he Bank’sdirecors, boh pas and presen, really appreci-aed. Typically, we board members are neihereconomiss nor expers on he inner workings ohe Federal Reserve. We rely on he presiden oeducae us on he ramiicaions o FOMC acions,as well as he bes opions or us o consider ondecisions we need o make. In his role, Proes-sor Poole was unailingly helpul o us.
ssagechairman’s messagech
Bon Voyage,Captain Poole

You're Reading a Free Preview

/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->