The Federal Reserve Bank of San Francisco

Presentation to the University of
San Francisco
Center for the Pacific Rim

What's Happening in the 12th District?
Monetary Policy and Interest Rate Uncertainty
Posted December 24, 2012
Market expectations about the Federal Reserve's policy rate involve both the future path of that rate and the uncertainty surrounding that path. Recent unconventional monetary policies have substantially lowered both expectations and uncertainty about the future path of the Fed's policy rate.
FedViews
Posted December 17, 2012
We expect the pace of GDP growth will pick up over the next few years and the unemployment rate will decline only gradually. A large degree of labor market slack is likely to persist at least through 2015.
Will the Jobless Rate Drop Take a Break?
Posted December 17, 2012
Given current job creation rates, if workers who want a job but are not actively looking join the labor force, the unemployment rate could stop falling in the short term.
External Shocks and China's Monetary Policy
Posted December 3, 2012
In the wake of the financial crisis, interest rates on China's foreign assets fell sharply, while yields on Chinese domestic assets remained relatively high, posing a challenge for China's monetary policy. Opening the capital account would improve China's capacity to weather external shocks.
Beige Book
Posted November 28, 2012
Economic activity expanded at a modest pace. Sales of retail items rose further, and price inflation for most goods and services was subdued.