With the end of 2025 approaching, the Federal Reserve Bank of San Francisco (SF Fed) has released a summary highlighting its most widely read Economic Letter topics for the year. The list features research and insights from SF Fed economists and research staff, as noted in a recent update on the institution’s blog.
The SF Fed plays a key role in advancing the nation’s monetary, financial, and payment systems. It serves the Twelfth Federal Reserve District, which includes nine western states—Alaska, Arizona, California, Hawai’i, Idaho, Nevada, Oregon, Utah, and Washington—as well as American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands.
According to a statement from the bank: “The Federal Reserve Bank of San Francisco (SF Fed) works 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, the SF Fed serves 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. By pursuing our two key goals of maximum employment and price stability—known as the Fed’s dual mandate—we work toward supporting an economy that works for everyone.”
The Economic Letter series provides analysis on current economic trends relevant to both regional constituents and national audiences. Readers interested in learning more about these topics can find additional details on the SF Fed blog.

