Press Releases

San Francisco, California — The Federal Reserve Bank of San Francisco’s board of directors has reappointed Robert G. Sarver, chairman and CEO of Western Alliance Bancorporation, to represent the District on the Federal Advisory Council beginning January 1, 2018. Robert G. Sarver The Federal Advisory Council, a body created by the Federal Reserve Act, consists […]

San Francisco, California — The Federal Reserve Bank of San Francisco announced that Randy Compton, CEO and co-chair of the board, Pioneer Trust Bank, N.A., Salem, OR, has been elected to the head office board of directors as a Class A director. Additionally, Tamara Lundgren, president and CEO, Schnitzer Steel Industries, Inc., Portland, OR, has […]

Seattle, Washington — The Federal Reserve Bank of San Francisco appointed current board member, West Mathison, president and CEO of Wenatchee-based Stemilt Growers LLC, as board chairman of the Seattle Branch board of directors, effective January 1, 2018. Mr. Mathison is replacing, Scott L. Morris, chairman, president and CEO of Avista Corporation, whose term on […]

Salt Lake City, Utah — Patricia R. Richards has been reappointed by the Federal Reserve Board of Governors as director of the Federal Reserve Bank of San Francisco’s Salt Lake City branch. Ms. Richards has also been reappointed by the San Francisco Fed as chair of the Salt Lake City branch’s board of directors for […]

Los Angeles, California — The Federal Reserve Bank of San Francisco appointed Carl Chang, founder and CEO of Redwood-Kairos Real Estate Partners and Founder of Pieology Pizzeria, to its Los Angeles Branch board of directors for a three-year term, effective January 1, 2018. In this capacity, Mr. Chang will serve as Bank-appointed branch director. He […]

Portland, Oregon – The Federal Reserve Bank of San Francisco appointed Román D. Hernández chair of the Portland Branch board of directors for 2018, effective January 1, 2018. In addition, Hilary K. Krane, executive vice president, chief administrative officer, and general counsel of NIKE, Inc., was appointed to the Portland Branch board of directors effective […]

Williams says his “role as a policymaker is to keep this expansion going for as long as possible” Says “unusually low prices of certain goods and services, combined with the lagged effects of the economy” explain the apparent “mystery” of low inflation Says “if we don’t move interest rates back up to more normal levels, […]

Says a very low neutral interest rate (r-star) environment is “not confined to the U.S. economy” Emphasizes need for “a global perspective that recognizes the interdependence of our economies and financial systems” Calls for policymakers to debate monetary policy framework options that “make ourselves more resilient” San Francisco, California – Today, John C. Williams, president […]

San Francisco, California — The Federal Reserve Bank of San Francisco announced that Karen T. Lee, chief executive officer of Pioneer Human Services, was appointed to the Bank’s Economic Advisory Council (EAC). Ms. Lee’s term began on August 1 of this year and lasts through December 31, 2019. Karen T. Lee Ms. Lee has been […]

Cites these supply-side factors as causes of global growth slump Says new trend is emerging as countries make post-recession strides while still experiencing lackluster growth; calls it “the big dichotomy of our times” Indicates future consequences yet to be determined; depend mostly on policy choices outside purview of monetary policy Sydney, Australia — Today, John […]