Economic activity in the Twelfth District expanded slightly during the mid-November through December reporting period.

The housing market experienced historically low levels of inventory along with rapid price growth in the two years following ...

Researchers are invited to submit papers for the West Coast Workshop in International Finance by Monday, January 13. The ...

Good morning. It’s an honor to be part of this esteemed panel celebrating Ben Bernanke’s contributions to economics. I will discuss Ben’s time as Chair of the Federal Reserve.1 Let me begin by taking ...

President Daly spoke with hosts Joe Weisenthal and Tracy Alloway on her outlook for both inflation and the labor market. They also discussed the impact of AI on productivity. Listen to the podcast.

We study the impact of climate policy on the long-run real interest rate in a tractable climate-economy model based on the work of Golosov et al. (2014). When the growth rate of the carbon tax exceeds ...

The labor force participation (LFP) rate for prime-age workers surged from early 2021 through early 2023, especially for women. This helped reduce the large shortfall of available workers relative to ...

With the new year fast approaching, here’s a countdown of our own to close out 2024. Check out the list of our most widely read FRBSF Economic Letter topics in 2024, featuring research and insights ...

As a community-engaged bank, the SF Fed seeks out real-time information on economic conditions by engaging with and learning from businesses, community organizations, and local leaders. These ...

“It was appropriate to reduce it 25 basis points…And I see that as right-sizing the policy rate level to the economy we have, recognizing the progress on inflation, recognizing the labor market’s now ...

“Now I feel we’ve got that recalibration phase behind us, and we’re in the next phase. The next phase is really looking at the incoming information. We can return to a more typical pattern of ...