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 ...

Mark M. Spiegel, senior policy adviser at the Federal Reserve Bank of San Francisco, shared views on the current economy and the outlook from the Economic Research Department as of February 26, 2026.

AI adoption and use are still evolving, and the technology itself is changing rapidly. What we know about AI and its impact on productivity growth and the economy remains uncertain. Transformations ...

This data series is part of the Center for Monetary Research. The Treasury yield premium model by Jens H.E. Christensen and Glenn D. Rudebusch (CR) decomposes the nominal yield curve into three ...

The weekly Labor Market Stress Indicator (LMSI) tracks state-level labor market developments in real time to better understand labor market conditions as they evolve. The measure is built from weekly ...

This data series is part of the Center for Monetary Research. This site presents a weekly and monthly series of the proxy funds rate, following Doh and Choi (2016), Choi, Doh, Foerster, and Martinez ...

Regional data provide indicators measuring characteristics of the dual mandate across the nation. This page provides data on labor market conditions, prices, and earnings for the 50 states and the ...

News & Media In what ways is the game different than the real world?

How do changes in the fed funds rate affect the economy? - San Francisco Fed How do changes in the fed funds rate affect the economy?

News & Media In what ways is the game similar to the real world?

Is the fed funds rate the only monetary policy tool? - San Francisco Fed Is the fed funds rate the only monetary policy tool?