Our Mission

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

SF Fed Blog

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Can the SF Bay Area Solve Its Affordable Housing Crisis?

Sky-high rents and a competitive real estate market have created a housing crisis of epic proportions in California and especially in the San Francisco Bay Area. What can be done at the city level to create more affordable housing now?

Economic Letter

Monetary Policy in a Low R-star World

Posted August 15, 2016

Central banks and governments must adapt policy to changing economic circumstances. The time has come to critically reassess policy frameworks and consider adjustments to handle new challenges, specifically those related to a low natural real rate of interest. While price level or nominal GDP targeting by monetary authorities are options, fiscal and other policies must take on some of the burden.

In the News

From the 12th District

Fed’s Williams Advocates Rate Hike

August 18, 2016

From the President

Longview: The Economic Outlook

August 18, 2016

Presentation to the Anchorage Economic Development Corporation

Anchorage, Alaska

From Executive Leaders

Tailoring, Fintech, and Risk Culture: The Talk of the (Community Banking) Town

April 4, 2016

Speech to the Western Independent Bankers Annual Conference for 
Bank Presidents, Senior Officers & Directors
Waikoloa, Hawaii


Economic Outlook

Michael Bauer, senior economist at the Federal Reserve Bank of San Francisco, stated his views on the current economy and the outlook as of August 11, 2016.

From the Board

Beige Book

July 13, 2016

Summary of Commentary on Current Economic Conditions by Federal Reserve District

“I definitely get the family vibe here," says Natalie Zohuri. It's no wonder. Police Services was in on her surprise marriage proposal, and she earned an MBA with the encouragement of SF Fed economists and help from the Bank's tuition reimbursement program.

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.