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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

Rate of Return on Housing

The Rate of Return on Everything

Over the past 150 years, the wealth of nations has grown faster than their economies. Which investments experienced the highest returns? The answer may surprise you.

Read more on SF Fed Blog

Economic Letter

Do Job Market Networks Help Recovery from Mass Layoffs?

Posted February 20, 2018

Labor market networks–informal connections among neighbors, coworkers, family, and friends–play a valuable role in helping workers recover after mass layoffs. Among relatively low-skilled workers who lost their jobs in mass layoffs, those in neighborhoods with stronger labor market connections among neighbors found jobs more quickly, as well as positions that paid more and lasted longer.

View past Economic Letters

In the News

From the President

Expecting the Expected: Staying Calm When the Data Meet the Forecasts

February 7, 2018

Remarks at the Community Leaders Luncheon

Honolulu, Hawaii


Economic Outlook

February 12, 2018

Fernanda Nechio, research advisor at the Federal Reserve Bank of San Francisco, stated her views on the current economy and the outlook as of February 8, 2018.

From the Board

Beige Book

January 17, 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.

Work for the Fed

Work for the Fed

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