A new data interactive and a recent webinar from the SF Fed Community Engagement and Analysis team shed light on ...

New data suggest that net migration into the United States has dropped sharply in 2025 from its historical highs, falling ...

Economic activity in the Twelfth District was somewhat subdued but largely stable during the mid-May to June reporting period. Employment levels were slightly ...

In 2024, the San Francisco Fed and the Federal Reserve System Innovation Office launched the EmergingTech Economic Research Network (EERN) to support a better ...

A range of tariffs on U.S. imports has been enacted or considered recently. Trade tariffs can potentially affect price inflation for consumption and investment goods. Estimates suggest that the impact ...

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 ...

Good morning. It is a pleasure to be here in Phoenix and an honor to be speaking to so many community bankers. I should also say, welcome to the Twelfth Federal Reserve District. We are delighted to ...

Watch the video Remarks as prepared for delivery. Introduction Good morning. It’s an honor to be part of this esteemed panel celebrating Ben Bernanke’s contributions to economics. I will discuss Ben’s ...

I’ve had the benefit of working at the Federal Reserve during the two longest expansions on record—the 1990s and the pre-pandemic period. During both, remarkable things occurred. Businesses thrived, ...

Shelter costs are one of the largest expenses for most households and an important component of overall inflation. It is therefore important to understand why shelter costs have remained stubbornly ...

Wildfires have been a concern in California for decades. The intensity of these events has increased recently, with particularly large and destructive fire seasons between 2018 and 2021. Analysis ...