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, ...

Findings reveal that 28% of the U.S. workforce—48.9 million people—live in a lower-income household (households with earnings ...

The SF Fed engages with businesses and communities across the region to gather real-time information on local economic ...

Central banks set policy to support the economy, provide liquidity, and promote financial stability. Modern central banking ...

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 ...

In this paper we exploit 150 years of tariff policy in the US and abroad to estimate the short-run effects of tariff shocks ...

Getting monetary policy right requires looking at near- and medium-term economic impacts of cyclical and secular forces, ...

In 2024, the San Francisco Fed and the Federal Reserve System Innovation Office launched the EmergingTech Economic Research ...

If you unpack the data, you don’t see inflation running up in services or housing, and importantly, you don’t see it ...

This brief updates prior work on homebuying behavior before and after the COVID-19 pandemic. It finds continued declines in ...

Banks may be indirectly exposed to trade policy through lending and through the broader effects of trade on the economy. Analysis finds that exposure to recent trade shocks was concentrated in large ...