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

Innovation and Incentives: Evidence from Biotech

Posted December 8, 2014

Biotechnology industry clusters have benefited from state subsidies, which have boosted the number of star biotech scientists in those states by roughly 15%. Likewise, the number of biotech jobs overall has grown in states with incentives, although there has been little impact on salaries. Incentives also generate sizable effects in local service sectors.

FedViews

FedViews: November 13, 2014

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.

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.