Thomas M. Mertens, senior vice president and associate director of research at the Federal Reserve Bank of San Francisco, ...

Firm heterogeneity in financial constraints is a quantitatively important driver of how monetary policy transmits to ...

Economic activity in the Twelfth District was somewhat muted but largely stable during the mid-May through June reporting ...

Lawrence D.W. Schmidt, associate professor of finance at the Rady School of Management, UCSD, delivered a live presentation on the impact of AI on labor and wages on July 1, 2026. EERN hosts multiple ...

Nearly 40% of small business respondents to the 2024 SBCS reported using or planning to use artificial intelligence (AI), ...

Measures of beliefs, sentiment, and narratives often send recession signals that differ from those in hard data, defined as ...

To better understand the possible impacts of artificial intelligence (AI) on the economy, the Federal Reserve Bank of San Francisco published the 2025 research brief “On-the-Job Exposure to AI Among ...

Explore the SF Fed's insights and research on financial markets, including topics such as financial conditions, U.S. Treasury markets, securities and derivatives, and more.

Rocio Sanchez-Moyano is a senior researcher in Community Engagement and Analysis at the Federal Reserve Bank of San Francisco. In this role, she conducts research on the economic experiences of ...

The president and chief executive officer of the Federal Reserve Bank of San Francisco serves the Twelfth District, covering the nine western states, plus American Samoa, Guam, and the Commonwealth of ...

As the chief payments executive for Federal Reserve Financial Services, Mark Gould is responsible for the Federal Reserve System’s full portfolio of retail payments, wholesale payments, and cash ...