The American Rescue Plan provided fiscal support during a strong economic rebound, raising concerns about the risk of fueling inflation. One way to assess this risk of economic overheating uses the ratio of job vacancies to unemployment, which measures labor market slack more accurately and, hence, can predict future inflation better than the unemployment rate alone.
From the President
UCLA Anderson Forecast Webinar
September 29, 2021
November 4, 2021
From the Board of Governors
Climate change—including higher temperatures and more extreme weather—is already causing economic damage and is projected to have further long-lasting effects. Accounting for a persistently lower real rate increases the present discounted future costs of climate change, which is relevant for climate policy choices.
Community Development Innovation Review
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.
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.
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