Since 1969 Wallace is a consultant to the Federal Reserve Bank of Minneapolis.

A similar view came from Gary Stern, president of the Federal Reserve Bank of Minneapolis.

He also served as a research associate at the Federal Reserve Banks of Dallas and Minneapolis.

"None of the districts report significant wage pressures," said the survey, written this time by the Federal Reserve Bank of Minneapolis.

In 1986 he moved to the Federal Reserve Bank of Minneapolis.

It is located adjacent to the current Federal Reserve Bank of Minneapolis.

In June 1936, he was also named a director of the Federal Reserve Bank of Minneapolis.

Arthur Rolnick, research director at the Federal Reserve Bank of Minneapolis, supports the measure, and even goes a step further.

Stern joined the Federal Reserve Bank of Minneapolis in January 1982 as senior vice president and director of research.

He was also Chairman of the Federal Reserve Bank of Minneapolis from 1979 to 1981.