From the President

What the Moment Demands

November 17, 2023

Watch President Mary C. Daly's closing keynote at the 33rd Frankfurt Banking Congress in Frankfurt, Germany.

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Economic Letter

From Hiring Difficulties to Labor Hoarding?

Businesses faced challenges finding enough workers to fill job openings early in the pandemic recovery. One view suggests that, as economic growth moderated relative to the strong bounceback in economic activity in the early pandemic recovery period, some businesses started hoarding labor to avoid the potential difficulty of recruiting workers in the future.

The SF Fed’s Commitment to Equity

The San Francisco Fed is dedicated to building an economy that works for everyone and helping ensure all Americans—regardless of gender, race or ethnicity, geography, ability, or socio-economic status—have the opportunity to fully realize their potential.