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Assessing the Recent Behavior of Inflation

Posted July 20, 2015

Although inflation has been below target for more than three years, this is not yet a statistically significant undershooting after accounting for monthly volatility. The Phillips curve relationship linking inflation to production or employment gaps has been stable since the early 1990s. Continued improvements in these gaps should put upward pressure on inflation.

The Recovery’s Final Frontier?

The Recovery’s Final Frontier?

Posted July 15, 2015

Presentation to the Mesa Chamber of Commerce
President Williams presented similar remarks at the International Conference of Commercial Bank Economists in Los Angeles, California on July 8, 2015.

FedViews

FedViews: July 9, 2015

Posted July 13, 2015

Rob Valletta, vice president at the Federal Reserve Bank of San Francisco, states his views on the current economy and the outlook.

FOMC Statement

Posted June 17, 2015

Federal Reserve issues FOMC statement

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