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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
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.
Economic Letter
Unemployment: Lower for Longer?
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.
In the News
From the President
Becoming Owners: The Business Case for Customer-Centered Banking
Symposium on Asian Banking and Finance
Singapore
From the 12th District
FedViews
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
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.
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