Federal Reserve Bank of San Francisco reposted this
WATCH LIVE TODAY: Press conference with #FOMC Chair Powell at 2:30 p.m. ET: https://lnkd.in/ecstxP8 https://lnkd.in/eibsKJx
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.
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Federal Reserve Bank of San Francisco reposted this
WATCH LIVE TODAY: Press conference with #FOMC Chair Powell at 2:30 p.m. ET: https://lnkd.in/ecstxP8 https://lnkd.in/eibsKJx
Community banks are a core component of the effort to strengthen financial institutions and support an economy that works for everyone. A recent Regional Banking Forum brought together SF Fed representatives with community banking executives from across the district for a series of in-depth discussions about the financial system and the economy. Learn more about how these conversations provide insights that contribute to the decisions and policymaking at the Federal Reserve as we pursue our mission. https://sffed.us/3MIUwHF
Our economic researchers are curious about economic and policy questions that relate to the Federal Reserve’s dual mandate of price stability and full employment—and our research associates are an integral part of that work. We’re hiring for our next class of RAs right now--learn more about our program and see if your experience is a good fit! https://sffed.us/478LuwX
Utah’s technology companies serve as key drivers of economic growth in the region. We recently sat down with senior leaders from several of these companies to learn more about the evolution of high tech in Utah—read more in our latest blog. https://sffed.us/4dQnAsF
Yesterday, on The Wall Street Journal's podcast The Journal, President Mary C. Daly discussed the Fed’s battle against inflation, what it’s like to serve on the Federal Open Market Committee, and her journey to the SF Fed. Listen to the wide-ranging episode here: https://sffed.us/3Mz5lvR
The latest issue of FedViews is out, from regional policy economist Leila Bengali: Monthly job gains are slowing, but the average monthly increase in nonfarm payroll employment in 2024 is 203,000 as of July, which remains above the 2019 monthly average of 166,000. [1/4] Labor market supply (available workers) and labor demand (employed workers and job openings) have largely rebalanced, similar to before the pandemic. [2/4] After falling sharply during the early months of the pandemic, the labor force participation rate has greatly recovered, reaching 62.7% in July 2024, but remains somewhat below its pre-pandemic level of 63.3%. [3/4] The pace of monthly increases in labor force participation for prime-age workers (ages 25-54) has slowed in recent months for both men and women, after a stronger pace of monthly increases from June 2020 to June 2023, particularly for women. [4/4] Read Leila's views on the current economy and the outlook in the latest Fedviews: https://sffed.us/3ZgpezA
While US households accumulated a large amount of liquid wealth during the pandemic, these “extra” liquid assets are now running dry. Learn more about declining liquid wealth and its potential impacts in our new video, and read the research from Hamza Abdelrahman, Luiz Edgard R. Oliveira, CFA, and Adam Shapiro: https://sffed.us/3SLvv2b
Our Research Associates go on to do some exciting things after their time in our economic research department. Read reflections from our most recent group of RAs and learn about where they’re headed next. https://sffed.us/45KHEJV
Shelter inflation is an important component of core CPI inflation. Our Letter assesses measures of supply and demand of housing and suggests that shelter inflation will continue to decline over the next few months. https://sffed.us/4cXdW6d
Research Associates work with world-class economists on compelling and influential topics while developing the skills needed for graduate study and future career paths. We're currently accepting applications for our Research Associate program—apply today! https://sffed.us/478LuwX