SF FedViews: Prospects for AI-related Activity Add to Uncertainty Around the Economic Outlook in 2026
Mark M. Spiegel, senior policy adviser at the Federal Reserve Bank of San Francisco, shared views on the current economy and the outlook from the Economic Research Department as of February 26, 2026.

The Latest
What We Study:
Insights, research, and data on various topics affecting our economy.
News & Media
San Francisco Fed President Mary C. Daly on What’s Actually Happening in the Economy
January 6, 2026
WSJ Exclusive: Fed’s Daly Backs December Rate Cut, Citing Vulnerable Labor Market
November 24, 2025
Fed’s Daly Says Need to Avoid Mistake of Holding Rates Too Long on Bloomberg Surveillance
November 10, 2025

Around the District

Exploring Spokane’s Economic Landscape
SF Fed Regional Executives explore Spokane’s economic landscape, uncovering insights on the bioscience, aerospace, and timber industries in the Inland Northwest.
Video & Media
Watch the latest videos from the SF Fed covering events and topics relevant to the Twelfth District and beyond.
Explore the 12th District
The Federal Reserve Bank of San Francisco is one of the 12 Reserve Banks in the Federal Reserve System. San Francisco is the headquarters of the Twelfth Federal Reserve District.















