Using a two-country monetary union framework with financial frictions, we quantify the efficacy of targeted asset purchases, ...

A range of tariffs on U.S. imports has been enacted or considered recently. Trade tariffs can potentially affect price inflation for consumption and investment goods. Estimates suggest that the impact ...

Mary C. Daly, President and Chief Executive Officer Federal Reserve Bank of San Francisco University of Nevada, Las Vegas Las Vegas, NV April 20, 2022 08:25 AM PDT Remarks as prepared for delivery. I ...

Thank you, Skip, for that kind introduction. It is truly my honor to be here for the College of Western Idaho’s 16th commencement ceremony. I’m so happy to be celebrating with you. Before I go any ...

President Mary C. Daly delivered the commencement address to the College of Western Idaho’s 2025 graduates. In her speech, titled “Choose and Choose Again,” President Daly encouraged graduates to ...

The EQ2 product is a long-term deeply subordinated loan with features that make it function like equity. These features must be present under current bank regulatory restrictions. Without them, this ...

Presentations by Erica Jiang (USC Marshall) on “How does rising wealth inequality reshape the financial sector?” and Valentin Haddad (UCLA Anderson) on “Asset Purchase Rules: How QE Transformed the ...

The following eight vehicles are among the most common community development investments. Click the links for an expanded summary of the vehicle and a longer article explaining its use and place in ...

Mortgage originators can either (1) hold a new mortgage in their portfolio, (2) sell the mortgage to an investor or conduit or (3) use the mortgage as collateral for the issuance of a security. An MBS ...

We document key stylized facts about the time-series trends and cross-sectional distributions AI pricing and study its implications for firm performance, both on average and in response to monetary ...

Hosted by the Federal Reserve Bank of Atlanta, Mary C. Daly, Federal Reserve Bank of San Francisco President and CEO will join Beth M. Hammack, Federal Reserve Bank of Cleveland President and CEO at ...

CDVC organizations use the tools of venture capital to conduct community and economic development activities as defined in the CRA regulation. CDVC funds make equity and equity-like investments in ...