Press Releases
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Mary C. Daly Named Federal Reserve Bank of San Francisco President and Chief Executive Officer
San Francisco, California – The Federal Reserve Bank of San Francisco announced today that its Board of Directors has appointed Mary C. Daly to the position of president and chief executive officer, effective October 1, 2018. Daly’s appointment as the San Francisco Fed’s 13th president and chief executive officer was made by eligible members of […]
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Federal Reserve Bank of San Francisco’s Board of Directors Launches Search for New Bank President & CEO
San Francisco, California – The Federal Reserve Bank of San Francisco’s board of directors today announced the search for the bank’s 13th president and chief executive officer. The incumbent bank president, John C. Williams, was recently named to lead the Federal Reserve Bank of New York. He will transition into his new role, effective June […]
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SF Fed’s Williams: Despite the Strong Economic Outlook, Data Indicates Long-Term R-Star Will Remain Low
Williams says he expects “the expansion to continue, with growth averaging around 2.5 percent over this year and the next.” Says “the longer-run drivers still point to a ‘new normal’ of a low r-star and relatively low interest rates.” Agrees with midpoint of FOMC projections that “a total of three to four rate increases this […]
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Report on Disaster-Affected Small Firms Provides Critical Insight for Understanding Regional Economic Recovery
Firms with natural disaster-related damages faced insurance mismatches and sought credit financing but struggled with funding gaps The Federal Reserve Banks of San Francisco, New York, Dallas, and Richmond today issued the 2017 Small Business Credit Survey: Report on Disaster-Affected Firms. This is the first in a series of reports this year examining the results […]
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SF Fed’s Williams: Sustainable Growth Will Keep the Strong Economy Going as Long as Possible
Williams says looking ahead, he expects “growth to average around 2.5 percent over this year and next” Says “the economy is on course to be as strong as we have seen in many decades and inflation is moving closer to our target. The challenge for monetary policy is to keep it that way” Says the […]
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James H. Herbert II Appointed to the Federal Advisory Council
San Francisco, California — The Federal Reserve Bank of San Francisco’s board of directors has appointed James H. Herbert, II, Chairman and CEO (Founder) of First Republic Bank, to represent the District on the Federal Advisory Council. Mr. Herbert’s one-year term began on April 1, 2018. He succeeds Robert G. Sarver, Chairman and CEO of […]
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John C. Williams Named to Lead the Federal Reserve Bank of New York
San Francisco, California – The Federal Reserve Bank of San Francisco announced today that its president and chief executive officer, John C. Williams, will be leaving the bank, effective June 18, to assume the presidency of the Federal Reserve Bank of New York.
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SF Fed’s Williams: The Outlook is Positive, but the Economy hasn’t Fundamentally Shifted into a Higher Gear
Williams says “the economy’s performing almost exactly as expected” Says “Strong financial conditions, better-than-expected global growth, and the tax cuts have all created tailwinds that can account for the healthy pace of growth” Given the current economic outlook, “my view is that we need to continue on the path of raising interest rates” San Francisco, […]
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Membership Changes for Federal Reserve Bank of San Francisco’s Economic Advisory Council
San Francisco, California — The Federal Reserve Bank of San Francisco announced that Glynis A. Bryan, CFO of Insight Enterprises, Inc., Tempe, AZ; Shubhi Rao, vice president and treasurer at Alphabet, Inc., Mountain View, CA; and Lewis Lee, co-founder and partner at Lee & Hayes, PLLC, Spokane, WA, have been appointed to the Bank’s Economic […]
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Membership Appointments Announced for the Federal Reserve Bank of San Francisco’s Community Depository Institutions Advisory Council
San Francisco, California — The Federal Reserve Bank of San Francisco announced that Tamara Gurney, president and CEO, Mission Valley Bank, Sun Valley, CA; Gary Harding, president and CEO, Prime Alliance Bank, Woods Cross, UT; and Connie Miller, president and CEO, Icon Credit Union, Boise, ID have been appointed as the newest members of the […]