Federal Reserve Bank of San Francisco | LinkedIn (original) (raw)

About us

We are the Federal Reserve Bank of San Francisco—public servants with a mission 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, we serve 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. Our three core functions are to support monetary policy, strengthen financial institutions, and enhance the payments systems. By pursuing our goals of maximum employment and price stability—known as the Fed’s dual mandate—we work to help our nation thrive. As a community-engaged bank, we are committed to understanding and serving the vibrant, expansive communities of the Twelfth District. That means we seek and appreciate new and diverse perspectives. We respect people for what they do and for who they are. We build opportunities to learn and grow. When you join the SF Fed, you become part of a team united in its purpose to promote an economy that works for everyone.

Industry

Financial Services

Company size

1,001-5,000 employees

Headquarters

San Francisco, CA

Type

Nonprofit

Founded

1913

Specialties

Economic Research, Monetary Policy, Financial Institution Supervision and Credit, and Community Outreach and Education

Locations

Employees at Federal Reserve Bank of San Francisco

Updates

Today, we celebrate Dr. Martin Luther King Jr.'s life and legacy. We strive to honor his dream through our work to build a stronger economy that works for everyone.
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The path to restoring price stability without jeopardizing the health of the labor market can be understood using two key empirical relationships in U.S. data, namely the Beveridge curve and the Phillips curve. In a very tight labor market, the steep part of the Beveridge curve implies that a decline in the job vacancy rate can occur with a very small rise in the unemployment rate as jobs remain plentiful and job seekers can rapidly find employment. At the same time, the steep part of the Philips curve implies that a relatively small increase in the unemployment-to-vacancy ratio, achieved mainly by a reduction in the vacancy rate, can bring about a substantial decline in inflation. Data received since March 2022 has tracked along the steep parts of these curves, supporting a path to a soft landing. However, these favorable tradeoffs may now be shifting as the incoming data approaches the flatter portions of the curves. You can find additional insights on the current economy and the outlook in our latest edition of SF FedViews from Nicolas Petrosky-Nadeau, vice president at the SF Fed. https://sffed.us/40kr4y8
Our report on economic conditions in the 12th District is now available in our latest Beige Book: https://sffed.us/4fZD6CMOverall economic activity expanded slightly in the 12th District through the end of 2024, with employment largely unchanged and wages up somewhat. Retail sales expanded modestly with reports of a solid holiday shopping season. Capital investment strengthened with focus into cost savings automation. For the full report, visit the link and see what is happening in the 12th District, the largest and most diverse in the Federal Reserve System. This report was prepared based on information collected on or before January 6, 2025, before the wildfires in the Greater Los Angeles area started.
Housing inventories reached historic lows during the pandemic as house prices surged. Our Economic Letter suggests that strong demand, rather than declines in new listings, played the dominant role in reducing inventory. Notably, the inflow of new listings remained at pre-pandemic levels, but the outflow due to sales was unusually high, which fed into the low inventory. By mid-2022, rising mortgage rates moderated demand, allowing inventory levels to return to pre-pandemic trends. You can learn more about the shifts in housing demand during and since the pandemic in our Economic Letter: https://sffed.us/40x8uEc
The challenges for first time homeownership that we often hear about are affordability and availability—two important factors in people’s participation in the economy. Our latest research quantifies the different types of homeownership opportunities beyond the traditional single-family home, such as condos, accessory dwelling units (ADUs), and community land trusts. Lizzy Mattiuzzi, Community Development Research Advisor, breaks down how these other homeownership types can provide affordability and flexibility for people at different income levels yet make up a comparatively small share of the housing market. Discover more key findings in the full report here: https://lnkd.in/gdQ8Ma6m
What caused the historic decline in housing inventories during the pandemic? Our Letter suggests the strong demand for housing rather than low housing supply was the driving force for these changes. https://sffed.us/3Z6TPz3
Start the new year in the know! Sign up for our slate of newsletters to stay informed and up-to-date on the Fed's work on the economy, monetary policy, and more: https://lnkd.in/ghdJmmga

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Federal Reserve Bank of San Francisco | LinkedIn (original) (raw)

About us

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Employees at Federal Reserve Bank of San Francisco

Updates

Join now to see what you are missing

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