At the Jackson Hole Economic Symposium, President John C. Williams discussed with CNBC’s Steve Liesman that raising the benchmark interest rate in summer 2015 is a “reasonable guess,” and the decision will be data-dependent and gradual. He also talked about wage and productivity growth and improvements across a broad set of economic indicators. More
Posted August 25, 2014
U.S. highway spending in 2008–11 was flat, despite the boost from the Recovery Act of 2009. A comparison of states shows that these federal grants actually boosted highway spending substantially, but this was offset by spending cuts due to plummeting tax revenues. Analysis suggests national highway spending would have fallen roughly 20% without Recovery Act funds.
Posted August 18, 2014
Michael Bauer, economist at the Federal Reserve Bank of San Francisco, states his views on the current economy and the outlook.
Posted July 16, 2014
Opening remarks to the Los Angeles Unite for Veterans Summit
Los Angeles , California
Posted July 30, 2014
Federal Reserve issues FOMC statement
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Our district houses one of the most significant currency exhibits in the world.