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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

Nonprofits Raise Concerns for Communities and Themselves during COVID-19

Nonprofits serving the Western United States are seeing increased demand and mounting financial pressures from the coronavirus pandemic. Here’s a summary of findings from a recent Federal Reserve survey.

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A Message from the SF Fed

Building a Better Future

The San Francisco Fed stands united against racism, hate, and violence. We are dedicated to building an economy that works for everyone, and will keep using the tools in our reach—our policy, our community engagement, our culture, and our individual voices—to promote equality, inclusion, and accountability.

Read the full statement


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

The Unequal Impact of COVID-19: Why Education Matters

Posted June 29, 2020

Since COVID-19 hit, more than 20 million American workers have become unemployed and countless others have left the labor force altogether. While labor market disruptions have widely affected workers, those without a college degree have experienced the most severe impact. Addressing educational attainment gaps will be important to creating better economic resiliency for individuals against future shocks.

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

May 29, 2020

Mark Spiegel, senior policy advisor at the Federal Reserve Bank of San Francisco, stated his views on the current economy and the outlook as of May 28, 2020.

From the Board of Governors

Beige Book

May 27, 2020

Min Wang first joined InspirAsian to share her love of dance and Chinese music. Now, as co-chair of the group, she helps create opportunities for Asian employees to showcase their cultures, traditions, and passions, as well as to develop their leadership skills and address issues that impact their communities.

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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