Cash, iPhones and Credit Cards

The coming after-Thanksgiving shopping season will no doubt highlight the growth of mobile payments, a trend that just received a big boost with the rollout of Apple Pay.

But despite the buzz around the iPhone-maker’s mobile wallet, a recent study points to a conclusion many may find surprising: cash is still popular.

Features

Economic Letter

Global Aging: More Headwinds for U.S. Stocks?

Posted December 22, 2014

Baby boomer retirement is expected to severely cut U.S. stock values in the near future. This raises the question of how global population aging might affect the equity market. Because the strong relationship between demographics and equity values do not hold true in other industrial countries, additional headwinds appear unlikely.

FedViews

FedViews: December 11, 2014

Posted December 19, 2014

Daniel Wilson, research advisor at the Federal Reserve Bank of San Francisco, states his views on the current economy and the outlook.

Inflation Targeting and the Global Financial Crisis:  Successes and Challenges

Inflation Targeting and the Global Financial Crisis: Successes and Challenges

Posted October 31, 2014

Essay presentation to the South African Reserve Bank Conference on Fourteen Years of Inflation Targeting in South Africa and the Challenge of a Changing Mandate
Pretoria, South Africa

FOMC Statement

Posted September 17, 2014

Federal Reserve issues FOMC statement

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American Currency Exhibit

Our district houses one of the most significant currency exhibits in the world.