SAN FRANCISCO — The Federal Reserve Bank of San Francisco announced the newest members of its Economic Advisory Council (EAC), effective January 1, 2025. The Twelfth District Economic Advisory Council (EAC) is a source of information on current and ...

U.S. inflation likely worsened last month on the back of higher prices for gas, eggs, and used cars, a trend that could make it less likely that the Federal Reserve will cut its key interest rate much

Minutes from the most recent meeting of Federal Reserve policymakers showed uncertainty ... bank doesn't "think in hypotheticals," says San Fran president Mary Daly, but it "doesn't usually ...

WASHINGTON (AP) — The Federal Reserve said Friday that it is leaving an international grouping of central banks that focused on how the financial system could help combat climate change. The Fed's membership has been criticized by Republicans in Congress.

up to three terms The Federal Reserve Bank of San Francisco (SF Fed) works to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans. As part of the U.S. central bank, the SF Fed serves the Twelfth ...

The new business venture by the Trump family is generating intensifying criticism and ethics questions, even as it has turned into an overnight phenomenon, generating a windfall on paper.

The Federal Reserve now needs to be on Trump watch if it wants to engineer the proper dose of monetary policy, according to Bank of America chief Brian Moynihan. "They've got a new administration with a new set of fiscal policies,

The American economy has entered 2025 with a strong head of steam,” Wells Fargo economists said. That's not necessarily a good thing for borrowers, who are waiting for the next Fed rate cut.

San Francisco officials expect to put a plan aimed at improving flood resilience along the shoreline before Congress next year, with pre-construction, engineering and design taking place over the ensuing four years, they announced Thursday during a virtual meeting of the San Francisco Bay Area Planning and Urban Research Association.

Trump, during his campaign and after he won the November election, threatened tariffs on China, Mexico, Canada and other countries.

Meanwhile, many of the SBA's EIDL loans are being charged off and considered in default. In 2021, the agency charged off $21.5 million in EIDL loans. In 2022, that grew to $198.2 million. Last year, the agency charged off $52 billion in EIDL loans — about 17% of its portfolio.

Annual inflation has risen again for the third straight month, in a troubling sign for mortgage rates that are already creeping close to 7%. Overall prices rose 2.9% in December 2024 from a year earlier, higher than the 2.7% pace recorded in November, according to the Labor Department's consumer price index (CPI) data released Wednesday.