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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


Celebrating International Women’s Day, ‘An Equal World is an Enabled World’

For International Women’s Day 2020, employees from all of our branches wore purple to honor women’s achievements, and show their commitment to fighting bias and challenging stereotypes.

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Economic Letter

Why Is Unemployment Currently So Low?

Posted March 2, 2020

Unemployment is at a 50-year low due to an unusually low rate at which people enter unemployment. The low entry rate reflects a long-run downward trend likely due to population aging, better job matches, and other structural factors. At the end of 2019, the unemployment rate was below the trend but no more so than in previous business cycle peaks, indicating that the labor market is no tighter.

View past Economic Letters

In the News

From the President

The New Stone Soup

February 10, 2020

Iveagh House Lecture
Dublin, Ireland

FedViews

Economic Outlook

March 6, 2020

John Fernald, senior research advisor at the Federal Reserve Bank of San Francisco, stated his views on the current economy and the outlook as of March 5, 2020.

From the Board

Beige Book

March 4, 2020

Summary of Commentary on Current Economic Conditions by Federal Reserve District

A leadership lesson Mike Roberts carried from the U.S. Army into private banking and the Fed: "While not as dramatic in the civilian world, the decisions you make affect peoples' lives—their health, well-being, and happiness at work."

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