COVID-19 disrupted all aspects of life, leading to steep declines in labor force participation across genders, races, and ethnic groups. Mothers experienced sharper and longer-lasting declines than fathers, and participation rates for Black mothers and Hispanic mothers were among the most affected.
From the President
May 15–16, 2021
University of Missouri-Kansas City
Virtual Commencement Address
Tuesday, May 18, 2021
From the Board of Governors
Investors are usually willing to pay a premium for a safe fixed-income asset in return for the convenience of its high quality and liquidity. Swiss bonds—widely considered to be extremely safe but not particularly liquid—can give some insights into how quality affects the premium. These bonds’ safety premium surged to persistently higher levels following the euro’s launch, but was later depressed.
First Glance 12L
Birth outcomes are a reflection of how well we are doing as a country. Unfortunately, we are doing poorly relative to comparable countries, even prior to the COVID-19 pandemic. Broadening the framework of how we think about health and developing approaches to interrupt cycles of intergenerational inequities is essential to our future labor force and to our economy on the whole.
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.