Our Mission

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

SF Fed Blog

Did Increased Unemployment Payments Cause People to Reject Job Offers?

The additional $600 in Pandemic Unemployment Compensation payments relieved the financial burden of those most in need without dissuading a return to work. A job is worth much more than temporary unemployment insurance payments.

Read more on SF Fed Blog

Discussion Series

The New Future of Work – August 20

The pandemic, recession, and social justice movement are redefining how we work and live. Join San Francisco Fed President Mary C. Daly, Arianna Huffington (Thrive Global), Erica Brescia (GitHub), and Nick Bloom (Stanford; National Bureau of Economic Research) for our first in a series of conversations on the new future of work.

Register for the event


SF Fed COVID-19 Resources

Stay updated on the Fed's response to the coronavirus, including interviews with President Daly and the latest SF Fed research.


Economic Letter

Average-Inflation Targeting and the Effective Lower Bound

Posted August 10, 2020

In response to the pandemic, the Federal Reserve took measures to support the functioning of financial markets and the flow of credit. Nevertheless, the economic downturn is putting downward pressure on inflation. Expectations could decline and push inflation down further, ultimately hampering economic activity. A framework based on average-inflation targeting could help address these challenges.

View past Economic Letters

In the News

From the President

College is Opportunity

June 29, 2020

Slides presented virtually at the 2020 NASPA Virtual Conferences on Student Success in Higher Education


Economic Outlook

July 13, 2020

Thomas M. Mertens, vice president at the Federal Reserve Bank of San Francisco, stated his views on the current economy and the outlook as of July 9, 2020.

From the Board of Governors

Beige Book

July 15, 2020

Rob Triano, bank examiner at the San Francisco Fed, shares his approach to uncovering strengths and weaknesses to fight crime and improve services provided by financial institutions.

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.

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