At the Federal Reserve Bank of San Francisco, we are examining the ways that the increasing incidence of extreme heat affects the economy and community resilience. We’re paying particular attention to ...
Knowing why inflation changes in any given month requires looking beyond the headline number. As part of our work to disentangle the key drivers of inflation, our ...
Knowing why inflation changes in any given month requires looking beyond the headline number. As part of our work to disentangle the key drivers of inflation, our ...
A real estate investment trust (REIT) combines the capital of many investors to acquire or provide financing for real estate. A REIT also permits real estate investors to obtain the benefits of a ...
U.S. households accumulated significantly more wealth following the pandemic onset than would have been expected without the pandemic shock. Overall excess household wealth—measured as households’ ...
Financial conditions indexes summarize a broad range of financial indicators with the goal of measuring how financial markets affect economic activity. Evidence from event studies with high-frequency ...
Using high-frequency responses of oil futures prices to prominent oil market news, we estimate the effects of oil supply news shocks when systematic monetary policy is switched off by the zero lower ...
Keeping a stable and moderate level of inflation is important for a healthy economy. Policymakers and economists therefore need to understand not only how overall inflation is evolving, but what is ...
President Mary C. Daly will participate in a panel discussion on AI and the labor market at the U.S. Monetary Policy Forum. The conversation will be moderated by Kansas City Federal Reserve Bank ...
U.S. monetary-policy decisions are made by the 12 voting members of the Federal Open Market Committee (FOMC). Seven of these members, coming from the Federal Reserve Board of Governors, inherently ...
Emerging technologies catalyze changes in our workplaces, homes, and communities – and as a result, in our economy. Today, a new wave of emerging technology, generative artificial intelligence, is ...
Applications are open now through March 25 for the 2024 Thomas J. Sargent Dissertation Fellowship program with the San Francisco Fed’s Economic Research Department. The program is open to PhD students ...