SF Fed President John C. Williams presented an upbeat view of the economy in a speech in Las Vegas and interviews with The Wall Street Journal and Reuters. Williams said a rate hike is likely by mid-2015 “assuming the economy progresses as anticipated.”
Posted November 24, 2014
Two traditional gauges of economic slack have become harder to interpret since the Great Recession: the output gap and the unemployment gap. Consequently conventional policy rules based on these measures of slack generate wide-ranging policy rate recommendations. This variability highlights one of the challenges policymakers currently face.
Posted November 17, 2014
Kevin J. Lansing, research advisor at the Federal Reserve Bank of San Francisco, states his views on the current economy and the outlook.
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
Posted September 17, 2014
Federal Reserve issues FOMC statement
Did You Know?
Our district houses one of the most significant currency exhibits in the world.