Getting monetary policy right requires looking at near- and medium-term economic impacts of cyclical and secular forces, ...

Banks may be indirectly exposed to trade policy through lending and through the broader effects of trade on the economy. Analysis finds that exposure to recent trade shocks was concentrated in large ...

We study the pass-through of corporate taxes into consumer prices, leveraging 1,058 municipal tax rate changes affecting ...

Our recent SF Fed Blog discusses how appropriately adjusting recent labor market data shows that the growth in labor supply ...

Regional engagement furthers the SF Fed’s mission of advancing the nation’s monetary, financial, and payment systems to build ...

Involuntary part-time employment—the share of people who work less than 35 hours per week but want and are available to work full-time—has increased since 2023. While this contrasts with steady ...

In the wide-ranging conversation, President Daly discussed the major factors shaping the U.S. economy, how the Federal ...

The natural rate of interest is an elusive concept in theory and practice. However, it is essential for central banks’ calibration of the policy rate. Model consistent measures are often too extreme ...

Sylvain Leduc, executive vice president and director of research at the Federal Reserve Bank of San Francisco, shared views on the current economy and the outlook from the Economic Research Department ...

We examine how labor market gender disparities following childbirth relate to long-run intra-household consumption inequality. A novel survey we implemented in the German Socio-Economic Panel shows ...