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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

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What Is Racial Equity?

Find out how racial equity is different from racial equality, and why working towards a more equitable society helps improve outcomes for all people.

Read more on SF Fed Blog

Economic Letter

Why Aren’t U.S. Workers Working?

Posted November 13, 2018

Labor force participation among prime-age U.S. workers has been declining for nearly 20 years, a stark contrast with rising participation in Canada. Three-fourths of the difference between the two countries can be explained by labor force attachment of women. If the U.S. could match Canada’s participation trend to Canada, it would see 5 million additional prime-age workers join the labor force.

View past Economic Letters

In the News

From the President

A Strong Economy—But We Can Aim Higher

November 12, 2018

Remarks made to the Regional Economic Development for Eastern Idaho
Idaho Falls, Idaho


Economic Outlook

November 14, 2018

Adam Shapiro, research advisor at the Federal Reserve Bank of San Francisco, stated his views on the current economy and the outlook as of November 9, 2018.

From the Board

Beige Book

October 24, 2018

Summary of Commentary on Current Economic Conditions by Federal Reserve District

“One thing I like about the Fed is, how you choose to grow is up to you," says Cash Product Office Audit Manager Jennifer Sanan.

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