How are changes brought on by COVID-19 affecting our cities? What does that mean for the people who live and work in them? Watch SF Fed President Mary C. Daly in conversation with Keisha Lance Bottoms, Earvin "Magic" Johnson, Lauren McLean, and Enrico Moretti in our discussion series that explores the new future of work.
From the President
December 1, 2020
Arizona State University
Economic Forecast Luncheon
December 3, 2020
From the Board of Governors
Separating GDP into permanent and transitory components can help explain the effects of recessions and expansions. GDP was substantially above trend before the 2008-09 recession. It then declined significantly, not recovering to its trend rate until 2017. The recession resulted in permanent losses. Without those permanent effects, GDP would have been about $380 billion or $1,460 per person higher.
Community Development Research Briefs
First Glance 12L
Systemic barriers to credit and financial services continue to hold many communities back. The Federal Reserve Board recently issued an Advance Notice of Proposed Rulemaking on how we can modernize the regulations that implement the CRA. Public comment on the proposal is now open—and it’s time to make your voice heard.
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.