SF Fed COVID-19 Resources

• Visit the Federal Reserve Response to the Coronavirus for a complete list of Fed actions to reduce economic distress to consumers and businesses.
• Questions about stimulus payments? Visit the IRS Coronavirus Tax Relief and Economic Impact Payments page.
• Get details about the Main Street Lending Program to support lending to small and medium-sized businesses.
• The Fed encourages financial institutions to work with households and businesses affected by COVID-19. Visit the Federal Reserve Supervision and Regulatory Response to the Coronavirus for guidance.
• Follow @SFFed on Twitter for updates on Fed actions as we get them.

As the coronavirus situation evolves, the Federal Reserve Bank of San Francisco is committed to being part of the solution. We know this is a stressful time. At the SF Fed, we’ll continue to monitor the impact of COVID-19, especially on the 12th District and for our most vulnerable residents. We’ll add to these resources as additional coronavirus-related content is available. (Updated: April 11, 2022)

Interviews and Speeches from President Daly

“This Time Is Different…Because We Are” (Los Angeles World Affairs Council & Town Hall) February 23, 2022

“Policy Making in a Time of Uncertainty” (The Commonwealth Club of California) November 16, 2021

“From Gaps to Growth: Equity as a Path to Prosperity” (UCLA Anderson Forecast Webinar) September 29, 2021

“The Last Resort in a Changing Landscape” (Money Marketeers of New York University Webinar) April 15, 2021

“Lessons from History, Policy for Today” (Economic Club of New York Online Webinar) March 2, 2021

“San Francisco Fed Chief: Inequality Is Bad for the Economy” (CNN Business) February 10, 2021

“San Francisco Fed chief says aid in COVID relief bill is ‘unequivocally beneficial’” (Face the Nation, CBS News) December 20, 2020

“2020 Lessons, 2021 Priorities” December 1, 2020

“Newsmakers Live: San Francisco Fed President Mary Daly Takes Questions” (The Wall Street Journal) October 15, 2020

“President Mary Daly, says more economic stimulus is ‘nothing short of critical.’” (ABC News Live Prime) October 15, 2020

“Is the Federal Reserve Contributing to Economic Inequality?” October 13, 2020

“Fed’s Daly calls for more fiscal help to get the economy out of a ‘big ditch’” (CNBC Closing Bell) September 30, 2020

“Fed’s Daly Says U.S. Needs Longer Bridge of Support for Economy” (Bloomberg) August 4, 2020

“The Path Forward: The Economy” (Washington Post Live) July 1, 2020

“Don’t Bet on a Quick Recovery: The president of the Federal Reserve Bank of San Francisco discusses the pandemic, the diversity crisis in economics, and monetary policy” (The Atlantic) June 25, 2020

“We’re prepared to do whatever we can to ensure that we build a bridge long enough to get us over the crisis and onto economic growth,” says President Daly (CNN International) June 23, 2020

“We Can’t Afford Not To” (National Press Club Virtual Newsmaker) June 15, 2020

“Why U.S. economic policy needs to support all Americans to be successful” (PBS NewsHour) May 28, 2020

“Fed Study Shows 1 in 5 Who Had Job in February Lost Them the Next Month” (Los Angeles Times) May 14, 2020

President Daly speaks with Wharton Business Daily May 13, 2020

“San Francisco Federal Reserve President expects ‘positive growth in 2021′” (OutFront CNN) May 8, 2020

“POLITICO Pro Q&A: San Francisco Fed President Mary Daly” May 7, 2020

“We’ll start to see a positive year in 2021,” says President Daly (Bloomberg) May 7, 2020

“San Francisco Fed Chief Casts Doubt on V-Shaped Recovery” (The Wall Street Journal) April 15, 2020

“California’s Early Shelter-In-Place Order May Help Its Economic Future” (The California Report, KQED) April 15, 2020

“Pandemic takes from us, but it also gives us a chance to make history” (San Francisco Chronicle) April 11, 2020

President Daly responds to questions about the economic impact of COVID-19 and leadership during times of crisis (Quora) April 9, 2020

“Each one of us in the economy has a role to play,” says President Daly (Marketplace) April 7, 2020

President Daly speaks with CNN Newsroom April 3, 2020

“San Francisco Fed President Mary Daly speaks with Yahoo Finance” March 31, 2020

“Fed’s actions starting to work, Daly says” (Reuters) March 19, 2020

President Daly says officials are willing to do what it takes to support the economy (New York Times) March 19, 2020

President Daly’s Message on COVID‑19 March 17, 2020

SF Fed Research and Analysis

COVID-19 Forecasts by County
Indicators and Data | Updated weekly

Inflation Sensitivity to COVID-19
Indicators and Data | Updated monthly

Watch FOMC Rewind: What the Fed’s March 2022 Decision Means for You 
SF Fed Blog | March 23, 2022

Views on the current economy and the outlook as of February 10
FedViews | February 10, 2022

Searching for Maximum Employment
FRBSF Economic Letter | February 7, 2022

Watch FOMC Rewind: What the Fed’s January 2022 Decision Means for You
SF Fed Blog | February 2, 2022

Fiscal Stimulus and Commercial Bank Lending Under COVID-19
FRBSF Working Paper | February 2022

Central Bank Credibility During COVID-19: Evidence from Japan
FRBSF Working Paper | January 2022

Comparing Pandemic Unemployment to Past U.S. Recoveries
FRBSF Economic Letter | November 29, 2021

Employment Effects of COVID-19 across States, Sectors
FRBSF Economic Letter | November 22, 2021

How Strongly Are Local Economies Tied to COVID-19?
FRBSF Economic Letter | November 15, 2021

Watch FOMC Rewind: What the Fed’s November 2021 Decision Means for You
SF Fed blog | November 12, 2021

Mothers in the Pandemic: What Workplace Changes Will Help Them Rejoin the Labor Force?
SF Fed Blog | November 9, 2021

Pandemic Brings Increase in Fraud
SF Fed Blog | November 8, 2021

The Credit Line Channel
FRBSF Working Paper | November 2021

Is the American Rescue Plan Taking Us Back to the ’60s?
FRBSF Economic Letter | October 18, 2021

Views on the Current Economy and the Outlook as of October 7, 2021
FedViews | October 7, 2021

From Gaps to Growth: Equity as a Path to Prosperity
FRBSF Economic Letter | October 4, 2021

Watch FOMC Rewind: What the Fed’s September 2021 Decision Means for You
SF Fed Blog | September 29, 2021

Views on the Current Economy and the Outlook as of September 9, 2021
FedViews | September, 9 2021

As COVID Continues, More People Pay for their Purchases from a Distance
SF Fed Blog | August 31, 2021

Three Takeaways from “Addressing Climate Risk through Equitable Community Development” Webinar
SF Fed Blog | August 25, 2021

Labor Productivity in a Pandemic
FRBSF Economic Letter | August 16, 2021

First Half of 2021 Indicates Continued Labor Market Recovery
SF Fed Blog | August 5, 2021

Watch FOMC Rewind: What the Fed’s July 2021 Decision Means for You
SF Fed Blog | August 2, 2021

Minority Banks during the COVID-19 Pandemic
FRBSF Economic Letter | August 2, 2021

New Future of Work Survey: What Will the Post-Pandemic Workplace Look Like?
SF Fed Blog | July 14, 2021

Do Households Expect Inflation When Commodities Surge?
FRBSF Economic Letter | July 12, 2021

How Much Did the CARES Act Help Households Stay Afloat?
FRBSF Economic Letter | July 6, 2021

The Divergent Signals about Labor Market Slack
FRBSF Economic Letter | June 1, 2021

Monetary Policy Spillovers Under Covid-19: Evidence from U.S. Foreign Bank Subsidiaries
FRBSF Working Paper | June 2021

UI Generosity and Job Acceptance: Effects of the 2020 CARES Act
FRBSF Working Paper | June 2021

Fiscal Multiplier at the Zero Bound: Evidence from Japan
FRBSF Economic Letter | May 24, 2021

Mothers in a Pandemic Labor Market
SF Fed Blog | May 6, 2021

Watch FOMC Rewind: What the Fed’s April 2021 Decision Means for You
SF Fed Blog | May 4, 2021

Views on the current economy and the outlook as of April 8
FedViews | April 8, 2021

The Economic Gains from Equity
FRBSF Working Paper | April 2021

Small Business Lending Under the PPP and PPPLF Programs
FRBSF Working Paper | April 2021

Disagreement about U.S. and Euro-Area Inflation Forecasts
FRBSF Economic Letter | March 22, 2021

Views on the current economy and the outlook as of March 4
FedViews | March 4, 2021

Resilience of Community Banks in the Time of COVID-19
FRBSF Economic Letter | March 1, 2021

Future Output Loss from COVID-Induced School Closures
FRBSF Economic Letter | February 16, 2021

Can Government Spending Help to Escape Recessions?
FRBSF Economic Letter | February 1, 2021

The Impact of COVID on Potential Output
FRBSF Working Paper | February 2021

Parents in a Pandemic Labor Market
FRBSF Working Paper | February 2021

Weather, Social Distancing, and the Spread of COVID-19
FRBSF Working Paper | February 2021

Views on the current economy and the outlook as of January 14
FedViews | January 14, 2021

Clouded in Uncertainty: Pursuing Financial Stability with Monetary Policy
FRBSF Working Paper | January 2021

Understanding the Size of the Government Spending Multiplier: It’s in the Sign
FRBSF Working Paper | January 2021

Views on the current economy and the outlook as of December 3
FedViews | December 3, 2020

Will COVID-19 Impact Climate Change?
Video | December 2, 2020

Permanent and Transitory Effects of the 2008–09 Recession
FRBSF Economic Letter | November 30, 2020

Small Business Lending during COVID-19
FRBSF Economic Letter | November 23, 2020

Temporary Layoffs and Unemployment in the Pandemic
FRBSF Economic Letter | November 16, 2020

Sudden Stops and COVID-19: Lessons from Mexico’s History

FRBSF Economic Letter | November 9, 2020

Assessing Recent Stock Market Valuation with Macro Data
FRBSF Economic Letter | October 13, 2020

Views on the current economy and the outlook as of October 8
FedViews | October 8, 2020

Risk of Business Insolvency during Coronavirus Crisis
FRBSF Economic Letter | October 5, 2020

Commercial Banks under Persistent Negative Rates
FRBSF Economic Letter | September 28, 2020

Did the $600 Unemployment Supplement Discourage Work?
FRBSF Economic Letter | September 21, 2020

Adjusting the Unemployment Thermometer
FRBSF Economic Letter | September 3, 2020

Views on the current economy and the outlook as of September 3
FedViews | September 3, 2020

Unemployment Paths in a Pandemic Economy
FRBSF Working Paper | September 2020

The Illusion of Wage Growth
FRBSF Economic Letter | August 31, 2020

Disruptions to Starting a Business during COVID-19
FRBSF Economic Letter | August 27, 2020

Monitoring the Inflationary Effects of COVID-19
FRBSF Economic Letter | August 24, 2020

Emerging Bond Markets and COVID-19: Evidence from Mexico
FRBSF Economic Letter | August 17, 2020

Did Increased Unemployment Payments Cause People to Reject Job Offers?
SF Fed Blog | August 13, 2020

Average-Inflation Targeting and the Effective Lower Bound
FRBSF Economic Letter | August 10, 2020

The Highs and Lows of Productivity Growth
FRBSF Economic Letter | August 3, 2020

A Simple Framework to Monitor Inflation
FRBSF Working Paper | August 2020

Reservation Benefits: Assessing job acceptance impacts of increased UI payments
FRBSF Working Paper | August 2020

The Fog of Numbers
FRBSF Economic Letter | July 15, 2020

Views on the Current Economy and Outlook as of July 9
FedViews | July 9, 2020

COVID-19 and CO₂
FRBSF Economic Letter | July 6, 2020

Replicating and Projecting the Path of COVID-19 with a Model-Implied Reproduction Number
FRBSF Working Paper | July 2020

The Unequal Impact of COVID-19: Why Education Matters
FRBSF Economic Letter | June 29, 2020

Average Is Good Enough: Average-Inflation Targeting and the ELB
FRBSF Working Paper | June 2020

Longer-Run Economic Consequences of Pandemics
FRBSF Working Paper | June 2020

Market Assessment of COVID-19
FRBSF Economic Letter | May 28, 2020

Views on the Current Economy and Outlook as of May 28
FedViews | May 28, 2020

Comparing News Sentiment in the Time of COVID-19 to the 2008 Financial Crisis
SF Fed Blog | May 27, 2020

The COVID-19 Fiscal Multiplier: Lessons from the Great Recession
FRBSF Economic Letter | May 26, 2020

An Unemployment Crisis after the Onset of COVID-19
FRBSF Economic Letter | May 18, 2020

Coronavirus and the Risk of Deflation
FRBSF Economic Letter | May 11, 2020

Can Pandemic-Induced Job Uncertainty Stimulate Automation?
FRBSF Working Paper | May 2020

Mitigating COVID-19 Effects with Conventional Monetary Policy
FRBSF Economic Letter | April 13, 2020

News Sentiment in the Time of COVID-19
FRBSF Economic Letter | April 6, 2020

Views on the Current Economy and Outlook as of April 2
FedViews | April 2, 2020

The Uncertainty Channel of the Coronavirus
FRBSF Economic Letter | March 30, 2020

Community Impacts

The Rapidly Growing Home Care Sector and Labor Force Participation
Research Briefs | March 23, 2022

Home Care in the Twelfth Federal Reserve District: Snapshots by State
Indicators and Data | March 21, 2022

Overlooked Suburbs: The Changing Metropolitan Geography of Poverty in the Western United States
Research Briefs | January 31, 2022

Climate-Related Risks Faced by Low- and Moderate-Income Communities and Communities of Color: Survey Results
Research Briefs | December 9, 2021

Residential Instability in the City of Oakland and Implications for Data-Driven Policymaking
Community Impacts | October 8, 2021

2020 Small Business Credit Survey Reports: Arizona, California, and Hawaii
Community Impacts | October 5, 2021

Key Event Takeaways: Harnessing the American Rescue Plan Act to Support Innovation in Child Care
Community Development Blog | September 8, 2021

Community Development Corporations: Preserving Cultural and Economic Space through COVID-19
Community Development Blog | August 11, 2021

2021 Findings from the Diary of Consumer Payment Choice
Community Research Briefs | May 5, 2021

Constrained Choices: Gentrification, Housing Affordability, and Residential Instability in the San Francisco Bay Area
Community Research Briefs | April 15, 2021

What We Learned about Residential Instability in the Bay Area
Community Development | April 15, 2021

Paycheck Protection Program Lending in the Twelfth Federal Reserve District
Community Research Briefs | March 3, 2021

Paycheck Protection Program Lending in the Twelfth Federal Reserve District: Snapshots by State
Data Snapshots | March 3, 2021

Child Care in the Twelfth Federal Reserve District: Snapshots by State
Data Snapshots | February 17, 2021

Strategies for Equitable Climate Finance
Community Development Blog | January 12, 2021

COVID-19 Impacts on Housing Stability in the Twelfth Federal Reserve District
Community Development Research Briefs | October 8, 2020

Child Care, COVID-19, and our Economic Future
Community Development Research Briefs | September 29, 2020

Investing in the Future of Child Care: Building Workforce and Economic Resiliency
Community Development Blog | September 11, 2020

Holding Space: Underlying Real Estate Conditions for Nonprofits in the Los Angeles Region
Community Development Research Briefs | August 14, 2020

Strengthening Financial Health in Times of Crisis: A Conversation with Leigh Phillips of SaverLife
Community Development Blog | August 6, 2020

Racial Equity Primer
SF Fed Blog | June 12, 2020

Impacts of COVID-19 on Nonprofits in the Western United States
Community Development Research Briefs | May 27, 2020

The Mental Health Implications of COVID-19 on Low-Income Communities and Communities of Color
Community Development Research Briefs | May 21, 2020

The Impact of COVID-19 on Communities and the Entities Serving Them
Community Development Blog | May 6, 2020

Coronavirus Compounds Challenges for Low-Income Communities and Communities of Color
SF Fed Blog | April 24, 2020

What are Banks Doing to Address the Impacts of COVID-19 on LMI Communities?
Community Development Research Briefs | April 7, 2020

Supervision and Regulation

Consumer Payments and the COVID-19 Pandemic: Findings from the April 2021 Supplemental Survey
Publications | September 21, 2021

First Quarter 2021: Waning Case Counts and Fiscal Stimulus Fueled Growth
Publications | June 4, 2021

Fourth Quarter 2020: On the Eve of Additional Stimulus
First Glance 12L | March 10, 2021

Third Quarter 2020: Not Yet Out of the Woods
First Glance 12L | December 11, 2020

Second Quarter 2020: In the Eye of the Storm
First Glance 12L | September 3, 2020

First Quarter 2020 – COVID-19: From Headwind to Hurricane
First Glance 12L | July 2, 2020

Plans and Actions to Mitigate the Effects of the Coronavirus (COVID-19)
Supervision in Brief | March 13, 2020

Fourth Quarter 2019 – COVID-19 Fears Could Amplify Bank Earnings Pressures
First Glance 12L | March 2, 2020

Additional SF Fed Resources

Consumer Payments and the COVID-19 Pandemic: The Second Supplement to the 2020 Findings from the Diary of Consumer Payment Choice

Consumer Payments and the COVID-19 Pandemic: A Supplement to the 2020 Findings from the Diary of Consumer Payment Choice

Data Rights and Data Protection during COVID-19

4 Ways You Can Support Local Communities during the Coronavirus Pandemic

Tips for Working from Home During the Coronavirus

Public Health Resources

Centers for Disease Control and Prevention (CDC)

World Health Organization (WHO)

This page was originally published on April 2, 2020.

Tom Flannigan

Federal Reserve Bank of San Francisco

(415) 974-2553

Marshall Eckblad

Federal Reserve Bank of San Francisco

(415) 977-3843