The San Francisco Fed and the West: a century of reinvention
John C. Williams and Sam Zuckerman explore how our region grew into an economic and cultural pacesetter for the world, and how the San Francisco Fed evolved to become part of a 21st century central banking system. The story offers important lessons on what it took for the West to become a force for economic progress during the past century and how the qualities rooted in the spirit of the region will be essential in the years ahead.
China in the global economy. SF Fed President John Williams talks with Zheng Liu, Mark Spiegel, and Fernanda Nechio of the international research team about China's economic slowdown and how it's affecting global economic activity
In the 2015 annual report, What We've Learned...and why it matters, we share our research findings about the slowdown in China's economic growth and its effects on the U.S. economy, emerging market economies, and global commodity markets. Cyclical and structural factors underlie the slowdown. We discuss the impact of trends in exports and investment, and the country's transformation from a manufacturing-based economy to a service-based economy. We believe China's days of 10 percent economic growth likely are over.
What we’ve learned ... and why it matters. 2015 Annual Report President's Letter
2015 Annual Report President's Letter. Report consists of web-text, videos and podcasts, available at: http://www.frbsf.org/our-district/about/annual-report/annual-report-2015/#toc
Health and prosperity. Health and community prosperity are intrinsically linked. SF Fed Community Development’s Ian Galloway sits down with President John Williams to discuss the issue
In reflecting on community development trends for the 2015 annual report, What We've Learned?and why it matters, one of our biggest learnings is to advocate for health and community development organizations to share data with each other. Health often determines if an individual has a job or access to educational opportunities, making it a strong predictor of economic prosperity. A more holistic, collaborative approach to improving health?especially in areas with low-income households?can result in significantly better outcomes for individuals and for communities.
The fragility of finances. SF Fed Community Development's Laura Choi talks with President John Williams about creative placemaking, a neighborhood revitalization strategy that engages local artists and performers
In the 2015 annual report, What We've Learned...and why it matters, we discuss creative placemaking, a new concept that refers to the enhanced role art plays in our communities. We've learned that creating culturally relevant spaces, ones that are vibrant and attractive, increases a community?s economic potential. Creative placemaking taps into local artists and communities, ensuring culturally significant voices are represented and reflected.
Redefining the labor market. SF Fed economists Rob Valletta, Nicolas Petrosky-Nadeau, and Mary C. Daly share their thoughts on the U.S. labor market with fellow economist President John Williams
Changes in demographics, and in employer and worker needs, have redefined the U.S. labor market. We discuss the "new normal" in our 2015 annual report, What We've Learned?and why it matters. Observations include how the gig economy?or sharing economy?is affecting the part-time workforce. We also look at influences on labor force participation rates and clarify the math behind sluggish wage growth. A consideration for both is the retirement of higher-earning baby boomers and the increase in steady employment for lower-wage workers.