Economic Letter

Can the News Drive Inflation Expectations?

How households expect inflation to evolve plays an important role. Household expectations rose dramatically over the past year or so, much faster than professional forecasters’ inflation expectations. Analysis suggests that one-fourth of the increased gap can be attributed to heightened negative media coverage, highlighting the impact of economic information on the real economy.

The SF Fed’s Commitment to Equity

The San Francisco Fed is dedicated to building an economy that works for everyone and helping ensure all Americans have the opportunity to fully realize their potential. We champion equity because research has demonstrated it supports our full employment mandate and our mission to promote a healthy and sustainable economy.

Career Opportunities

The San Francisco Fed is dedicated to building an economy that works for everyone. We thrive on reflecting the people we serve by hiring talented individuals from diverse backgrounds and creating a culture of inclusion where people are respected for what they do and for who they are.