The Federal Reserve Board issued an Advance Notice of Proposed Rulemaking on how we can modernize the regulations that implement the CRA. To ensure that the final proposal meets community needs, the Board is seeking public comment through February 16. It’s time to make your voice heard.
From the President
December 1, 2020
Arizona State University
Economic Forecast Luncheon
January 28, 2021
From the Board of Governors
The natural rate of interest, or r-star, is used to evaluate the tightness of monetary policy, but this benchmark rate can only be estimated. Policymakers’ misperceptions of r-star can carry substantial costs for unemployment and inflation. A scenario shows that the costs are greater for overestimating r-star than for underestimating it if the federal funds rate is limited by the effective lower bound.
Community Development Research Briefs
First Glance 12L
Before the COVID-19 pandemic, the child care industry was undervalued. Now, child care centers are in danger of being closed for good. What can we do to support the child care market, which is essential for parents' to participate in the workforce?
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.