Using a two-country monetary union framework with financial frictions, we quantify the efficacy of targeted asset purchases, ...

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 ...

Mary C. Daly, President and Chief Executive Officer Federal Reserve Bank of San Francisco University of Nevada, Las Vegas Las Vegas, NV April 20, 2022 08:25 AM PDT Remarks as prepared for delivery. I ...

The following eight vehicles are among the most common community development investments. Click the links for an expanded summary of the vehicle and a longer article explaining its use and place in ...

The natural rate of interest, also known as r-star, is a key variable for analyzing fiscal and monetary policy. A novel method of measuring this rate for the euro area uses a yield curve model ...

Price differences across U.S. states and regions widened during the pandemic years. In our Economic Letter, “The Changing Disparity in Prices Across States,” we find that states with above average ...

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 ...

President Mary C. Daly delivered the commencement address to the College of Western Idaho’s 2025 graduates. In her speech, titled “Choose and Choose Again,” President Daly encouraged graduates to ...

The EQ2 product is a long-term deeply subordinated loan with features that make it function like equity. These features must be present under current bank regulatory restrictions. Without them, this ...

How are generative artificial intelligence (GenAI) tools being integrated into consumer product companies? Do they improve product development, marketing strategies, and customer service? How do they ...

Mortgage originators can either (1) hold a new mortgage in their portfolio, (2) sell the mortgage to an investor or conduit or (3) use the mortgage as collateral for the issuance of a security. An MBS ...