Federal Reserve Bank Of San Francisco Blog
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We are the San Francisco Fed, public servants with a congressionally mandated mission to promote the health of the U.S. economy and the stability of the U.S. financial system. At the SF Fed, we promote opportunity for all through our work in economic research, banking supervision, community development, and education.
Federal Reserve Bank Of San Francisco Blog
5d ago
Members of the SF Fed’s public engagement team recently made a trip to Eastern Idaho to learn about the state’s rural economy. Laura Choi provides a snapshot of their trip ..read more
Federal Reserve Bank Of San Francisco Blog
5d ago
The impact of generative AI is being felt across the economy. We sat down with 12th District business leaders to learn how they are adapting to this technology in advanced manufacturing and other sectors ..read more
Federal Reserve Bank Of San Francisco Blog
2w ago
When the EmergingTech Economic Network (EERN) launched earlier this year, it had one main goal: to develop and share deeper insights into the economy of the future. As such, we asked Twelfth District business contacts and community members in our latest Beige Book questionnaire about their views on and use of generative artificial intelligence (GenAI ..read more
Federal Reserve Bank Of San Francisco Blog
2w ago
U.S. household savings rose and fell at unprecedented rates following the onset of the pandemic recession. Updated estimates suggest that these excess savings have been fully spent. However, consumer spending shows no signs of losing steam, raising questions about its future path ..read more
Federal Reserve Bank Of San Francisco Blog
1M ago
SF Fed Regional Executive Qiana Charles describes her recent community engagement trip to Las Vegas with Mary Daly, SF Fed President and CEO ..read more
Federal Reserve Bank Of San Francisco Blog
1M ago
The members of the SF Fed’s Advisory Councils provide valuable perspectives from around the Twelfth District. In this edition of Advisory Council Observations, we share what we learned at our most recent council meetings ..read more
Federal Reserve Bank Of San Francisco Blog
1M ago
Although relatively new for a wide generalized audience, generative artificial intelligence (AI) has already begun to change our economy, and it seems poised to drive even more fundamental changes in the future ..read more
Federal Reserve Bank Of San Francisco Blog
1M ago
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 this issue given the number of highly impacted places in the Federal Reserve’s 12th District, which includes the City of Phoenix in Maricopa County, Arizona ..read more
Federal Reserve Bank Of San Francisco Blog
2M ago
Understanding inflation beyond the headline number is important for policymakers and economists. Adding to other SF Fed indicators that disentangle the key drivers of personal consumption expenditures (PCE) inflation each month, we have launched a new data page that breaks down each inflation reading into the different groups of goods and services that contribute to it ..read more
Federal Reserve Bank Of San Francisco Blog
3M ago
New data continue to follow the path of a nonlinear Phillips curve constructed in earlier work showing the empirical relationship between inflation and the ratio of unemployment to job vacancies ..read more