The Federal Reserve Bank of San Francisco is hosting its Annual Conference on Macroeconomics and Monetary Policy in San Francisco on Friday, February 21, 2025. The conference aims to bring together ...

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 ...

The COVID-19 inflation surge experienced abroad undoubtedly left its mark on U.S. inflation. As global economies return to business as usual, it is natural to ask whether international considerations ...

I’m delighted, and it’s good to see everybody in the audience. Thank you for having me. Well, I think the jobs market data being revised and going back and forth is just a good lesson of why you can’t ...

At an event hosted by New York University Stern School of Business, President Mary C. Daly discussed the progress the Federal Reserve has made in bringing inflation down and the importance of looking ...

Standard asset pricing models reconcile high equity premia with smooth risk-free rates by inducing an inverse functional relationship between the mean and the variance of the stochastic discount ...

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 ...

Fifteen months of new data covering the period since May 2023 continue to track closely along the path of a fitted nonlinear Phillips curve that shows the empirical relationship between inflation and ...

The economy has significantly improved from just two years ago. Inflation has fallen substantially, and the labor market has returned to a more sustainable path. A soft landing is achievable, and the ...

I’m still okay, but I think this is something we should constantly be considering. So still okay, would be the day you write that sentence. I have a healthy dose of caution when it comes to balance ...

Presentations by Yueran Ma on “Business Concentration around the World: 1900—2020” and Greg Buchak on “The Secular Decline of Bank Balance Sheet Lending” Presentations by Juliane Begenau on “Deposit ...

Small businesses play an important role in the American economy, both as employers, and as drivers of economic activity in local communities. In recent years, many small business owners have had to ...