Labor market conditions are similar in regions that are near each other. This is called positive spatial correlation.

Sylvain Leduc, executive vice president and director of research at the Federal Reserve Bank of San Francisco, shared views ...

"For me, relaxing the policy rate to make sure it continues to be modestly restrictive — but not so restrictive that it ...

Economic activity in the Twelfth District edged down slightly during the mid-August to September reporting period. Employment ...

The natural rate of interest is an elusive concept in theory and practice. However, it is essential for central banks’ calibration of the policy rate. Model consistent measures are often too extreme ...

The San Francisco Fed’s Community Engagement and Analysis team connects with communities across the nine western states and the Pacific Territories and Commonwealth, sharing research and insights to ...