Bullard to take over as head of St. Louis Fed

ST. LOUIS (AP) -- The Federal Reserve Bank of St. Louis will have a new president starting Tuesday.

James Bullard is 47 and has worked at the St. Louis Fed for 18 years. He will replace the retiring William Poole, president for the past decade.

Bullard moves up from vice president and deputy research director. Those who know Bullard describe him as smart and articulate with good people skills.

The Federal Reserve is the nation's central bank and sets monetary policy, regulates state-chartered member banks and provides payment services to financial institutions and the government. The St. Louis Fed is among 12 regional banks.

------

Information from: St. Louis Post-Dispatch, http://www.stltoday.com