The natural rate of interest, also known as r-star, is a key variable for analyzing fiscal and monetary policy. A novel ...

Chi Elder, Regional Engagement Officer - Southern California of the SF Fed's Los Angeles Branch, visited San Diego to learn ...

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 ...

With Hosts Rusty Cannon and Greg Skordas, President Daly discussed the state of the Utah and national economy. Listen to the interview here. The Federal Reserve Bank of San Francisco (SF Fed) works to ...

Economic activity in the Twelfth District slowed slightly during the mid-February through March reporting period. The step-down in economic activity was broad based, reported across many industries ...

The fraction of men working in the United States has declined consistently since the 1950s. This has contributed to slower labor force growth and resulted in considerable gaps between labor force ...

After a prolonged decline, U.S. inflation-adjusted interest rates have increased somewhat since the pandemic—possibly implying a higher new normal. As central banks attempt to tame the post-pandemic ...

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 ...

What is driving the long-term increase in prime-age men’s labor force nonparticipation? Comparing the experiences of four generations of prime-age men shows that prolonged continuing education ...

The SF Fed maintains three advisory councils: the Economic Advisory Council, Community Advisory Council, and Community Depository Institutions Advisory Council. The members of these councils represent ...

Erin Vuong joined the Government + Civic Relations team at the Federal Reserve Bank of San Francisco in February 2025. As a program manager, she is responsible for the SF Fed’s state and local ...