The San Francisco Fed’s Beige Book received another “Beigie Award” from NPR’s Planet Money and was featured in their podcast, Hawaii’s worker shortage goes ...

CNBC’s Steve Liesman and San Francisco Fed President Mary C. Daly joined ‘Squawk Box’ and discussed the February jobs report, strength of the labor market, ...

Economic activity in the Twelfth District slowed slightly during the January through mid-February reporting period. Overall ...

Congratulations to our very own Òscar Jordà for being newly elected as a Fellow of the Econometric Society. This ...

Understanding housing demand dynamics through two indicators, income growth and population growth, provides important insights into housing affordability. Research shows that average U.S. income ...

The pace of job growth cooled through mid-2025, while the unemployment rate rose relatively little. This seeming puzzle is explained by an even stepdown of labor supply and demand, meaning slowing ...

In this paper we exploit 150 years of tariff policy in the US and abroad to estimate the short-run effects of tariff shocks on macro aggregates. A careful review of the major changes in US tariff ...

The U.S. economy has remained remarkably resilient this year, navigating uncertainty, changes in government policy, including tariffs, immigration, deregulation, and taxes, an AI-driven technology ...

Financial markets repriced assets across a wide range of sectors following the U.S. trade policy announcement on April 2, 2025. Analysis suggests that market participants interpreted tariffs to have ...

Recent surges in trade policy uncertainty highlight the fragility of global supply chains, prompting businesses to consider reshoring—moving production from abroad to domestic locations. Reshoring can ...

State-level unemployment claims can provide a real-time measure of national labor market conditions and the overall state of the economy. A rapid and widespread buildup of stress in state labor ...