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When a story appeared on the Bloomberg Businessweek website titled “Young Americans Hate Cash,” President Williams contacted Peter Coy, the article’s author, with evidence from our Cash Product Office studies that indicate otherwise. More

Features

Economic Letter

How Much Do Medicare Cuts Reduce Inflation?

Posted September 22, 2014

The health sector makes up a large share of the U.S. economy, so widespread price changes for medical services can impact overall inflation significantly, both directly and indirectly through private-sector spillovers. A recent estimate suggests the full effect of Medicare payment cuts from the Budget Control Act resulted in a 0.24 percentage point drop in the overall PCEPI.

FedViews

FedViews: September 11, 2014

Posted September 19, 2014

Zheng Liu, senior research advisor at the Federal Reserve Bank of San Francisco, states his views on the current economy and the outlook.

Opening remarks to the Los Angeles Unite for Veterans Summit

Opening remarks to the Los Angeles Unite for Veterans Summit

Posted July 16, 2014

Opening remarks to the Los Angeles Unite for Veterans Summit
Los Angeles
, California


FOMC Statement

Posted September 17, 2014

Federal Reserve issues FOMC statement

Our District

Welcome to the Federal Reserve Bank of San Francisco, the 12th District of the Federal Reserve System headquartered in San Francisco.

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American Currency Exhibit

Our district houses one of the most significant currency exhibits in the world.