This article examines the geographic and policy overlap between Opportunity Zones and the Community Reinvestment Act, ...

Commercial banks have led the adoption of artificial intelligence (AI) in recent years. Evidence suggests that banks using AI ...

We construct a new high-frequency measure of risk appetite shifts around Federal Open Market Committee (FOMC) meetings, the common component of changes in risk-sensitive indicators. Fed policy actions ...

The natural rate of interest is the inflation-adjusted interest rate consistent with the economy operating at full capacity. Although this rate helps gauge the economy’s health, empirical estimates of ...

Job-finding rates have declined over the past three years for people who are unemployed or are out of the labor force. Analysis shows that the decline in job finding for unemployed people has been ...

Thomas M. Mertens, senior vice president and associate director of research at the Federal Reserve Bank of San Francisco, shared views on the current economy and the outlook from the Economic Research ...

Nearly 40% of small business respondents to the 2024 Small Business Credit Survey (SBCS) reported either using or planning to use artificial intelligence (AI), revealing a rapidly evolving landscape ...

The new SF Fed Policy Calibration Tool is designed to help construct a monetary policy path that aligns with one’s views of the economy and policy objectives. Applying the tool to recent tariff ...

Òscar Jordà, senior policy advisor at the Federal Reserve Bank of San Francisco, shared views on the current economy and the outlook from the Economic Research Department as of June 4, 2026.

U.S. business spending related to artificial intelligence (AI) grew substantially in 2025 among publicly traded firms, which account for the bulk of overall investment. Analyzing sentiment data from ...

3rd Annual Conference on Macro-Finance Research in San Francisco on October 9, 2026.