Our Mission

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

SF Fed Blog

Cashless Transaction Mobile Payment

Impacts of Cashless Business on Financial Inclusion

As retailers and restaurants experiment with going cash-free, a new paper from the Federal Reserve’s Cash Product Office explores the benefits to businesses while also cautioning that the practice could alienate over a quarter of U.S. consumers.

Read more on SF Fed Blog

Economic Letter

Unemployment: Lower for Longer?

Posted August 19, 2019

Unemployment is running low, but inflation has not picked up. This suggests that the unemployment rate consistent with stable inflation has fallen. Combining a conventional Phillips curve tradeoff between unemployment and inflation with a noninflationary unemployment rate that can change over time shows threshold estimates have declined toward 4% in recent years. One possible reason for this decline is job-matching improvements, reflected in favorable job-finding rates for disadvantaged groups.

View past Economic Letters

In the News

From the President

Becoming Owners: The Business Case for Customer-Centered Banking

June 2, 2019

Symposium on Asian Banking and Finance


Economic Outlook

Mark Spiegel, vice president at the Federal Reserve Bank of San Francisco, stated his views on the current economy and the outlook as of July 11, 2019.

From the Board

Beige Book

July 17, 2019

Summary of Commentary on Current Economic Conditions by Federal Reserve District

High-energy and enterprising, Nancy Okun turned a nontraditional internship into a career in Information Technology Services at the San Francisco Fed.

Work for the Fed

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.

Find a Job