The U.S. 2020 fire season has been intense so far, especially in California and Oregon. Assessing the spread of wildfires through mid-November shows it is comparable to the two most damaging fire seasons in recent memory. However, learning the cost of actual damages will take time.
Read SF Fed Blog by Luiz E. Oliveira for more on the 2020 U.S. wildfire season, as well as our earlier FRBSF Economic Letter, Rising Wildfire Risk for the 12th District Economy.
The Federal Reserve Bank of San Francisco (SF Fed) works to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans. As part of the U.S. central bank, the SF Fed serves the Twelfth Federal Reserve District, which covers the nine western states—Alaska, Arizona, California, Hawai’i, Idaho, Nevada, Oregon, Utah, and Washington—plus American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. By pursuing our two key goals of maximum employment and price stability—known as the Fed’s dual mandate—we work toward supporting an economy that works for everyone.