Simulations using a Phillips curve-type relationship provide insights into the importance of demand versus supply for ...

The COVID-19 pandemic upended housing markets. This blog post launches an interactive chart that accompanies our research ...

President Daly participated in a monetary policy insights panel at Western Economic Association International’s 100th Annual Conference with John Bates Clark Medal recipient Emi Nakamura, University ...

Leilani Barnett, senior outreach manager at the Federal Reserve Bank of San Francisco, shares insights from the 4th annual ...

Monetary policy in the United States is determined by the Federal Open Market Committee (FOMC), a decisionmaking body that includes regional representation. Evidence shows that the economic conditions ...

The Federal Reserve’s 12 Reserve Banks, operating around our nation, help ensure that a wide range of household, community, and business economic conditions and perspectives inform Fed policies, ...

Hard data remain solid. Economists often distinguish between “hard” and “soft” data. Hard data on the real economy typically refer to readings from official government sources on economic activity, ...

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 ...

Federal Reserve Bank of San Francisco President Mary C. Daly spoke with Bloomberg’s Caroline Hyde at the 2025 Reagan National Economic Forum on May 30, 2025. Watch a replay of the conversation here.

Economic activity in the Twelfth District slowed slightly during the April to mid-May reporting period. Employment levels were generally stable amid some layoffs and attrition without replacement.