The COVID-19 pandemic upended housing markets. This blog post launches an interactive chart that accompanies our research paper on pandemic homebuyers.

Simulations using a Phillips curve-type relationship provide insights into the importance of demand versus supply for ...

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 ...

The unemployment rate has risen over half a percentage point since the second quarter of 2023. Individual survey data underlying the unemployment rate can help in assessing which labor market ...

I’ve had the benefit of working at the Federal Reserve during the two longest expansions on record—the 1990s and the pre-pandemic period. During both, remarkable things occurred. Businesses thrived, ...

Wildfires have been a concern in California for decades. The intensity of these events has increased recently, with particularly large and destructive fire seasons between 2018 and 2021. Analysis ...

Mary C. Daly, President and Chief Executive Officer Federal Reserve Bank of San Francisco The Commonwealth Club of California San Francisco, CA November 16, 2021 12:30 PM PST Remarks as prepared for ...

The Congressional Budget Office recently raised its demographic projections for net U.S. immigration. Most of the increase in the projections came from undocumented immigrants. Updating the CBO ...

Employment growth has consistently come in above pre-pandemic estimates of the rate needed for unemployment to stay near its long-run natural rate. Even so, unemployment has held steady, which raises ...

Watch the video Remarks as prepared for delivery. Introduction Thank you, Alex for that kind introduction. And thank you to the Commonwealth Club World Affairs of California and the San Francisco ...

Since the 1980s, decreasing interest rates have reduced the cost of financing for publicly traded corporations, which in turn has lowered their cost of capital by more than a third. Data show that ...

Extreme heat decreases labor productivity in sectors like construction, where much work occurs outdoors. Because construction is an important component of investment, lost productivity today will slow ...