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) serves the public by promoting a healthy, sustainable economy, and supporting the nation’s financial and payment systems. With offices in Los Angeles, Seattle, Salt Lake City, Portland and Phoenix, the Bank serves the Twelfth Federal Reserve District, which includes one-fifth of the nation’s population and represents the world’s fourth-largest economy. As part of the nation’s central bank, the SF Fed informs monetary policy, regulates banks, administers certain consumer protection laws and acts as a financial partner to the U.S. government.