A new data interactive and a recent webinar from the SF Fed Community Engagement and Analysis team shed light on ...

Trade policy in the United States has been in flux in recent months. A theoretical analysis of recent increases in U.S.

New data suggest that net migration into the United States has dropped sharply in 2025 from its historical highs, falling ...

In 2024, the San Francisco Fed and the Federal Reserve System Innovation Office launched the EmergingTech Economic Research ...

Zheng Liu is a vice president and director of the Center for Pacific Basin Studies in the Economic Research Department of the Federal Reserve Bank of San Francisco.

Economic activity in the Twelfth District was somewhat subdued but largely stable during the mid-May to June reporting period ...

Mary C. Daly is president and CEO of the Federal Reserve Bank of San Francisco.

Michael Bauer is a senior research advisor and Director of the Center for Monetary Research in the Economic Research Department of the Federal Reserve Bank of San Francisco and research fellow at CEPR ...

Robert G. Valletta is senior vice president and associate director of research in the Economic Research Department of the Federal Reserve Bank of San Francisco.

Daniel Wilson is a vice president in the Economic Research Department of the Federal Reserve Bank of San Francisco.

Adam Shapiro is a vice president in the Economic Research Department of the Federal Reserve Bank of San Francisco.

I am so glad you asked this important question. The size of the U.S. trade deficit, and its implications for this country’s future, has been a hotly debated topic among academics and policymakers for ...