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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

Is Job Automation Keeping Down Wages?

Although the labor market has been strong, the share of U.S. national income going to workers has dropped sharply compared with 20 years ago. Find out why with our quick video.

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Economic Letter

Wringing the Overoptimism from FOMC Growth Forecasts

Posted February 10, 2020

Growth forecasts by FOMC meeting participants were persistently too optimistic for 2008 through 2016. The typical forecast started out high but was revised down over time. In contrast, forecasts for 2017 through 2019 started low but were revised up over time, with cumulative revisions much smaller on average. Observations suggest participants have adjusted their methodology to eliminate optimistic bias.

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In the News

From the President

The New Stone Soup

February 10, 2020

Iveagh House Lecture
Dublin, Ireland


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

Unsure of which career path he wanted to follow and looking for a job, Kiyo Dickerson landed in the mail room at the San Francisco Fed's Seattle branch in the early 1980s. Now, over 30 years later, he's a facilities engineer who helps his team keep operations running smoothly.

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Work for the Fed

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.

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