Does college matter?
A series of essays authored by San Francisco Fed President and CEO John C. Williams, Senior Vice President and Associate Director of Research Mary C. Daly, Research Associate Yifan Cao, and Senior Economic Education Manager Jody Hoff, argue that the answer to the questions 'Does college matter?' is a resounding yes.
What we’ve learned ... and why it matters. 2015 Annual Report President's Letter
2015 Annual Report President's Letter. Report consists of web-text, videos and podcasts, available at: http://www.frbsf.org/our-district/about/annual-report/annual-report-2015/#toc
The San Francisco Fed and the West: a century of reinvention
John C. Williams and Sam Zuckerman explore how our region grew into an economic and cultural pacesetter for the world, and how the San Francisco Fed evolved to become part of a 21st century central banking system. The story offers important lessons on what it took for the West to become a force for economic progress during the past century and how the qualities rooted in the spirit of the region will be essential in the years ahead.
An overview of our 2015 Annual Report. John Williams, president and chief executive officer, and Mark Gould, first vice president, welcome you to the San Francisco Fed’s 2015 annual report, “What We’ve Learned…and why it matters”
In our 2015 annual report, What We've Learned?and why it matters, we reflect on the Federal Reserve Bank of San Francisco's efforts to create a growing, sustainable economy for everyone. The report looks across teams and disciplines, from economic research to human resources, shedding light on various points of view and approaches to our work. You?ll see the faces and hear the voices of San Francisco Fed employees from across functions?curious people who are committed to learning and to public service. It's an honest look back at what we?ve learned and why it matters.
Redefining the labor market. SF Fed economists Rob Valletta, Nicolas Petrosky-Nadeau, and Mary C. Daly share their thoughts on the U.S. labor market with fellow economist President John Williams
Changes in demographics, and in employer and worker needs, have redefined the U.S. labor market. We discuss the "new normal" in our 2015 annual report, What We've Learned?and why it matters. Observations include how the gig economy?or sharing economy?is affecting the part-time workforce. We also look at influences on labor force participation rates and clarify the math behind sluggish wage growth. A consideration for both is the retirement of higher-earning baby boomers and the increase in steady employment for lower-wage workers.
Transforming financial services. Banking supervision’s Tracy Basinger explains why the intersection of finance and technology–fintech–is a matter of great importance and interest to the Fed
Innovations in technology are transforming relationships between the Fed, the banks we supervise, and their customers. In our 2015 annual report, What We've Learned?and why it matters, we explain how the Fed is poised to evolve alongside fintech innovations.
The future of cash. Claire Wang and Doug Conover from the Federal Reserve's Cash Product Office discuss cash use and innovation in cash processing technology with First Vice President Mark Gould
An important role of the Federal Reserve is to maintain the quality and integrity of U.S. currency. The Cash Product Office has learned through its Diary of Consumer Payment Choice research that cash continues to play a key role in consumer spending. We've found that even if cash use were to decline 2 percent over the next 20 years, the Federal Reserve would still be counting 20 billion notes. For the 2015 annual report, What We've Learned...and why it matters, we understand that Reserve Banks will continue to process and count an extremely high volume of cash. In serving financial ...
A tale of two giants: comparing China and India
Accounting for 40 percent of the world?s population and almost 20 percent of the world?s output, China and India are two of Asia?s?indeed, the world?s?economic giants. In addition to their size, these countries have other traits in common. Both are among the fastest-growing economies in the world, and both are transitioning from heavily state-controlled and regulated economies to more market-based economic systems.