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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

Focusing on Race in Community Development

Many well-intentioned policies meant to lift communities of color have had the opposite effect, perpetuating disparities along racial lines. Could an explicit focus on race in community development help distribute opportunity more equitably?

Read more on SF Fed Blog

Economic Letter

A Review of the Fed’s Unconventional Monetary Policy

Posted December 3, 2018

Short-term rates were constrained near zero for much of the past decade. The Fed, to achieve its macroeconomic goals, was impelled to use two unconventional monetary policy tools: forward guidance and quantitative easing. These tools likely strengthened the economic recovery and helped return inflation to the Fed’s target—although their full impact remains uncertain.

View past Economic Letters

In the News

From the President

A Strong Economy—But We Can Aim Higher

November 12, 2018

Remarks made to the Regional Economic Development for Eastern Idaho
Idaho Falls, Idaho


Economic Outlook

November 14, 2018

Adam Shapiro, research advisor at the Federal Reserve Bank of San Francisco, stated his views on the current economy and the outlook as of November 9, 2018.

From the Board

Beige Book

December 4, 2018

Summary of Commentary on Current Economic Conditions by Federal Reserve District

“One thing I like about the Fed is, how you choose to grow is up to you," says Cash Product Office Audit Manager Jennifer Sanan.

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