News & Media How long before changes in the fed funds rate affect the economy?

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Is the fed funds rate the only monetary policy tool? - San Francisco Fed Is the fed funds rate the only monetary policy tool?

Congratulations to our very own Òscar Jordà for being newly elected as a Fellow of the Econometric Society. This distinguished fellowship is a tremendous ...

Mark M. Spiegel, senior policy adviser at the Federal Reserve Bank of San Francisco, shared views on the current economy and the outlook from the Economic Research Department as of February 26, 2026.