"For me, relaxing the policy rate to make sure it continues to be modestly restrictive — but not so restrictive that it ...

The natural rate of interest is an elusive concept in theory and practice. However, it is essential for central banks’ ...

Sylvain Leduc, executive vice president and director of research at the Federal Reserve Bank of San Francisco, shared views ...

Economic activity in the Twelfth District edged down slightly during the mid-August to September reporting period. Employment ...

I do want to caution us against thinking all bubbles are financial. I don't see many signs that that's the case. Research and ...

Recent surges in trade policy uncertainty highlight the fragility of global supply chains, prompting businesses to consider reshoring—moving production from abroad to domestic locations. Reshoring can ...

U.S. net international migration (NIM) dropped significantly in recent months after starting to decline last year from its historically high annual levels. An update of earlier San Francisco Fed ...

We use a dynamic trade and reallocation model with downward nominal wage rigidities to quantitatively assess the economic consequences of the recent increase in the U.S. tariffs on imports from Mexico ...

The unemployment rate has risen over half a percentage point since the second quarter of 2023. Individual survey data underlying the unemployment rate can help in assessing which labor market ...

Changes in overall economic conditions may affect real household income levels and also how income is distributed across households. Analysis using annual data from 1967 to 2023 shows that the adverse ...

Surveys of professional economic forecasters and financial market data can reveal public perceptions about the future conduct of monetary policy. Current estimates suggest that both professional ...

It’s great to be in New York again and to have the opportunity to speak with you about the economy and monetary policy. I very much appreciate the invitation, and I look forward to a lively discussion ...