Economic conditions in the Twelfth District were mixed during the October to mid-November reporting period. Employment levels ...

We show that the underlying source of inflation impacts financial market perceptions of the persistence of monetary policy ...

The United States announced new, higher tariff rates this year. Tariffs can affect supply chains, investment, and firms’ ...

On the labor market, I don’t feel as confident we can get ahead of it. It’s vulnerable enough now that the risk is it’ll have ...

To better understand the potential impacts of AI on the economy, this analysis assesses workers likely to be exposed to AI on ...

Robert G. Valletta, associate director of research and senior vice president at the Federal Reserve Bank of San Francisco, shared views on the current economy and the outlook from the Economic ...

The SF Fed engages with businesses and communities across the region to gather real-time information on local economic ...

Understanding employment patterns among different segments of the nation’s workforce contributes to a deeper understanding of the economy, in support of the Federal Reserve’s monetary policy goals.

Many central banks make policy decision collectively in the form of a committee. With the increased public communications of policy actions, wording over policy statements became an important tool for ...

In this paper we exploit 150 years of tariff policy in the US and abroad to estimate the short-run effects of tariff shocks on macro aggregates. A careful review of the major changes in US tariff ...

We document evidence of a U-shaped relationship between financial development and the adjustments of foreign exchange (FX) reserve holdings in response to a U.S. interest rate increase. Countries with ...

The U.S. economy has remained remarkably resilient this year, navigating uncertainty, changes in government policy, including tariffs, immigration, deregulation, and taxes, an AI-driven technology ...