Economic conditions in the Twelfth District were mixed during the October to mid-November reporting period. Employment levels ...

On the labor market, I don’t feel as confident we can get ahead of it. It’s vulnerable enough now that the risk is it’ll have a nonlinear change," she told ...

The United States announced new, higher tariff rates this year. Tariffs can affect supply chains, investment, and firms’ input costs, resulting in supply-side effects such as higher inflation and ...

To better understand the potential impacts of AI on the economy, this analysis assesses workers likely to be exposed to AI on ...

Robert G. Valletta, associate director of research and senior vice president at the Federal Reserve Bank of San Francisco, shared views on the current economy and the outlook from the Economic ...

Recent shifts in immigration flows have lowered the estimates of net international migration into the United States. New data indicate that net migration will be close to half a million people in 2025 ...

Understanding employment patterns among different segments of the nation’s workforce contributes to a deeper understanding of the economy, in support of the Federal Reserve’s monetary policy goals.

How large is the impact of artificial intelligence (AI) on labor productivity and unemployment? This paper introduces a labor-search model of technological unemployment, conceptualizing the generative ...

Central banks set policy to support the economy, provide liquidity, and promote financial stability. Modern central banking requires adaptation to current demands and a framework that fosters agility ...

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

Good afternoon. Thank you for the kind introduction. I am delighted to be in Dublin again and speaking to all of you. Thank you very much for having me. I was last here in February 2020. We were on ...

We document evidence of a U-shaped relationship between financial development and the adjustments of foreign exchange (FX) reserve holdings in response to a U.S. interest rate increase. Countries with ...