Press Releases
-
SF Fed’s Williams: “Boring is the New Exciting”
Says balance sheet management process will be widely telegraphed, gradual, predictable and “boring” to minimize risk of unnecessary market volatility Stresses importance of public understanding Reaffirms Fed goal of keeping expansion going “as long as possible” by bringing monetary policy back to more normal setting; keeping it on path that neither exceeds speed limit, nor […]
-
Tracy Basinger Appointed Executive Vice President and Director of Financial Institution Supervision and Credit Division at the Federal Reserve Bank of San Francisco
San Francisco, California — The Board of Directors of the Federal Reserve Bank of San Francisco has appointed Tracy Basinger executive vice president and director of Financial Institution Supervision and Credit Division (FISC), the Bank announced today. In this capacity, Ms. Basinger will oversee bank supervision and regulation for bank holding companies, state member banks, […]
-
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 Robert (Bob) C. Donegan, president of Ivar’s Restaurants, was appointed to the Federal Reserve Bank of San Francisco’s Economic Advisory Council (EAC). Mr. Donegan’s term began on June 1 of this year and lasts through December 31, 2019. Robert (Bob) C. Donegan […]
-
SF Fed’s Williams: Normalization of U.S. Monetary Policy is “The Most Telegraphed Monetary Policy of Our Lifetimes”
Forecasts that process for unwinding Fed’s balance sheet will begin later this year and will be widely telegraphed, gradual, and “boring” Asserts that balance sheet management will take place in the “background” while interest rates continue to be the primary lever used to keep economy from overheating or running too cold Says normalization of U.S. […]
-
SF Fed’s Williams to Economists: Now is Ideal Time to Consider Alternative Monetary Policy Frameworks
Says “adaptability, accessibility, and accountability” are hallmarks of sound strategy Suggests that price-level targeting is worthy of serious consideration by the Fed and Central Banks across the world Tells economists that it’s best to prepare for next economic storm today, while economy is in calmer waters than to wait for next crisis New York, New […]
-
San Francisco Fed Forms Twelfth District Community Advisory Council
San Francisco, California — The Federal Reserve Bank of San Francisco has launched the Twelfth District Community Advisory Council, a group composed of leaders of nonprofit and community organizations from throughout the Bank’s district. The Council will provide the San Francisco Fed a diverse, on-the-ground perspective on issues impacting communities throughout the region. The group’s […]
-
SF Fed’s Williams: “Prosperity is Like a Jenga Tower”
Offers holistic vision of economic prosperity Says “Prosperity for any of our communities is prosperity of all our communities” New York, New York – Today, John C. Williams, president and CEO of the Federal Reserve Bank of San Francisco offered a holistic vision of economic prosperity predicated on the notion that American economic potential depends […]
-
SF Fed’s Williams: Time to Shift Conversation From Attaining Recovery to Sustaining Recovery
Matthew Schiffgens
Federal Reserve Bank of San Francisco
(415) 974-3246 -
SF Fed’s Williams: Independent Fed Has “Essential Role” to Play in Protecting Stability of the Economic Recovery
Says rate increase is “on the table for serious consideration” in March and expresses confidence economy will continue to grow at a healthy pace after potential increases Indicates economy is close to reaching Fed’s dual mandate goals of maximum employment and price stability Santa Cruz, California — John C. Williams, president and CEO of the […]
-
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 Robert D. Ramirez, president and CEO, VantageWest Credit Union, Tucson, AZ; Andrew J. Ryback, president and CEO, Plumas Bank, Quincy, CA; Richard M. Sanborn, president and CEO, Seacoast Commerce Bank, San Diego, CA; and Joseph M. Schierhorn, president and CEO, Northrim Bank, […]