SF Fed Blog
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Roundtable on AI and Energy Use
In 2024, the San Francisco Fed and the Federal Reserve System Innovation Office launched the EmergingTech Economic Research Network (EERN) to support a better understanding of how new technologies like GenAI are shaping the economies of today and the future. As part of the EERN initiative, we often hold roundtable discussions to hear from industries […]
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Policymaking Amid Change
Getting monetary policy right requires looking at near- and medium-term economic impacts of cyclical and secular forces, writes SF Fed Pres. Mary C. Daly.
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Labor Supply and Demand Are Slowing in Tandem
Appropriately adjusting recent labor market data shows that the growth in labor supply has slowed at the same pace as payroll growth has slowed.
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Advisory Council Observations: September/October 2025
The SF Fed maintains three advisory councils: the Economic Advisory Council, Community Advisory Council, and Community Depository Institutions Advisory Council. The members of these councils represent businesses, financial institutions, and community organizations across the Twelfth District. The councils regularly convene to discuss the District’s economy, bringing valuable perspectives from around the District to the SF Fed. We have […]
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The Center for Monetary Research: First Year in Review
To mark the first year since the Center for Monetary Research’s launch, the San Francisco Fed reviews the Center’s research activities and events.
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Introducing a Weekly Labor Market Stress Indicator
A new weekly indicator based on data for state-level unemployment claims provides timely information on the economy’s health status.
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Economic Letter Video: The Zero Lower Bound Explained
The zero lower bound is the concept that the federal funds rate would not be cut below zero percent. This lower bound constraint can limit the effectiveness of monetary policy when rates are at or near the zero lower bound, especially during recessions. In our Economic Letter, The Zero Lower Bound Remains a Medium-Term Risk, […]
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Update on Payroll Employment Gains Data Revisions
Although revisions to monthly payroll employment data issued in August were large, they were within the historical range. Evidence continues to suggest that the incoming data are not generally subject to greater fluctuations than in the past, according to updated SF Fed analysis.
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Updated Estimates of Net International Migration
New data suggest that net migration into the United States has dropped sharply in 2025 from its historical highs, falling well below previous estimates.
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Roundtable on AI and Medical Service Delivery
In 2024, the San Francisco Fed and the Federal Reserve System Innovation Office launched the EmergingTech Economic Research Network (EERN) to support a better understanding of how new technologies like GenAI are shaping the economies of today and the future. As part of the EERN initiative, we often hold roundtable discussions to hear from industries […]