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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

Lunar New Year 2020: $2 Note Is No Newbie

Here’s why that $2 Federal Reserve Note in your Lunar New Year envelope was probably printed in 2019.

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Economic Letter

Who from Out of the Labor Force Is Most Likely to Find a Job?

Posted January 13, 2020

The best predictor of someone from outside the labor force finding a job is how recently the person was employed. Between 1999 and 2019, the composition shifted towards people out of work for longer. Consequently, the pool has become less employable. Though the group is larger, it does not signify additional labor market slack beyond that accounted for by the standard unemployment rate.

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In the News

From the President

U.S. Monetary Policy: A Global View

January 3, 2020

Slides presented at the American Economic Association’s 2020 Annual Convention of Allied Social Science Associations (ASSA)
San Diego, California


Economic Outlook

Kevin J. Lansing, research advisor at the Federal Reserve Bank of San Francisco, stated his views on the current economy and the outlook as of January 9, 2020.

From the Board

Beige Book

January 15, 2020

Summary of Commentary on Current Economic Conditions by Federal Reserve District

"I encourage everyone here to think about how the work we do every day affects the spectrum of people outside our walls, privileged and disadvantaged, so we can continuously affect better outcomes," says Bina Shrimali, a senior researcher with the San Francisco Fed’s Community Development team.

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