The Federal Open Market Committee noted in its March 2021 statement that, although indicators show an improvement in economic activity and employment, the hardest hit sectors remain weakened by the pandemic. What does the Fed’s decision to keep interest rates low mean for you? Let’s rewind and learn more in the SF Fed Blog.
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.