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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

Art, Culture, and Engaging Communities

Art and culture have the power to lift up what makes a community thrive. Here’s how.

Read more on SF Fed Blog

Economic Letter

Is Rising Concentration Hampering Productivity Growth?

Posted November 4, 2019

U.S. productivity is growing slower. Meanwhile, sales have become increasingly concentrated in the largest businesses. IT innovation may have facilitated this by reducing large firms’ cost to enter new markets. Though large firms are more profitable, their expansion may have increased competition and reduced profit margins within markets, deterring innovation and eventually lowering growth.

View past Economic Letters

In the News

From the President

Why Climate Change Matters to Us

November 8, 2019

The Economics of Climate Change Conference
San Francisco, CA


Economic Outlook

October 17, 2019

Reuven Glick, group vice president at the Federal Reserve Bank of San Francisco, stated his views on the current economy and the outlook as of October 11, 2019.

From the Board

Beige Book

October 16, 2019

Summary of Commentary on Current Economic Conditions by Federal Reserve District

Ash Rawal is the group vice president of Program Delivery Services, which serves two of our Information & Technology Services major business lines. He's also a San Francisco native who grew up in the Tenderloin, learning the importance of diversity and grit at a young age.

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