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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

a help wanted storefront sign that reads: part-time weekend help needed.

Involuntary Part-Time Work: Yes, It’s Here to Stay

Despite a tight labor market, an unusually large number of workers who want full-time positions are still stuck in part-time jobs. Rather than reflecting lingering effects from the past recession, this appears to be a permanent shift arising from changes in the types of jobs that are available.

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Economic Letter

How Much Consumption Responds to Government Stimulus

Posted April 16, 2018

What is the effect of government spending on private consumption? Estimates from regional data suggest every $100 of stimulus through the ARRA generated an additional $18 within regions. Furthermore, accounting for economic connections that spread the impact beyond regional borders suggests every $100 triggered an increase of $40 in overall private consumption in the economy.

View past Economic Letters

In the News

From the President

Supporting Strong, Steady, and Sustainable Growth

April 6, 2018

Remarks to the World Affairs Council of Sonoma
Santa Rosa, California


Economic Outlook

April 17, 2018

Mary C. Daly, executive vice president and director of research at the Federal Reserve Bank of San Francisco, stated her views on the current economy and the outlook as of April 12, 2018.

From the Board

Beige Book

April 18, 2018

Summary of Commentary on Current Economic Conditions by Federal Reserve District

Officer Ron Carolina provides security and mentorship at the Fed and in San Francisco's Bayview neighborhood.

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