ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -San Francisco is the headquarters of the Twelfth Federal Reserve District, which includes the nine western states-Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington-plus American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands.

Detailed explanation-2: -Mary C. Daly took office on October 1, 2018, as president and chief executive officer of the 12th District, Federal Reserve Bank of San Francisco.

Detailed explanation-3: -The Federal Reserve Bank of San Francisco is responsible for executing the central bank’s monetary policy by monitoring economic growth and inflation, which is the pace of rising prices.

Detailed explanation-4: -The Twelfth Federal Reserve District, headquartered in San Francisco, includes Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington.

Detailed explanation-5: -Federal Reserve Bank of San Francisco has 2, 000 employees.