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To promote low inflation, full employment and financial stability, and provide services to financial institutions and the Treasury

SF Fed Blog


Does College Pay?

With tuition costs on the rise, casting doubt on the value of a four-year degree has become a national pastime. Look beyond the hype and at hard data, though, and you’ll find it still pays to pursue a college education. Mary C. Daly, SF Fed Associate Director of Research, crunches the numbers.

Economic Letter

Residual Seasonality and Monetary Policy

Posted August 24, 2015

Much recent discussion has suggested that the official real GDP data are inadequately adjusted for recurring seasonal fluctuations. A similar pattern of insufficient seasonal adjustment also affects the published data for a key measure of price inflation. Still, such residual seasonality in the published output and inflation statistics is unlikely to mislead Federal Reserve policymakers or adversely affect the setting of monetary policy.

In the News

From the 12th District

Carol K. Nelson Appointed to Seattle Branch Federal Reserve Board

August 31, 2015

The Federal Reserve Bank of San Francisco has appointed Carol K. Nelson, Pacific region executive and Seattle market president of Cleveland-based KeyBank to the Seattle Branch board of directors.

From the President

Measuring the Effects of Monetary Policy on House Prices and the Economy

August 25, 2015

Presentation to Bank Indonesia–BIS Conference on “Expanding the Boundaries of Monetary Policy in Asia and the Pacific”
Jakarta, Indonesia


Economic Outlook

August 17, 2015

Michael Bauer, senior economist at the Federal Reserve Bank of San Francisco, states his views on the current economy and the outlook.

From the Board

Beige Book

September 2, 2015

Summary of Commentary on Current Economic Conditions by Federal Reserve District

Why Elliot Marks traded his economic analyst gig to tackle business process improvement in the Federal Reserve Bank of San Francisco's communications department.

Work for the Fed

We like to say we work for the Fed, not at the Fed. That’s because the SF Fed is not just another employer or government agency. Here, you have the opportunity to become part of an important public service institution whose work touches lives across the globe.