Press Releases

Salt Lake City, Utah — The Federal Reserve Bank of San Francisco appointed Patricia R. Richards chair of the Salt Lake City Branch board of directors, effective January 1, 2017. Ms. Richards is replacing Peter R. Metcalf, Founder, Brand Advocate and Chief Executive Officer Emeritus of Black Diamond, Inc. whose term as Chairman has expired. […]

Los Angeles, California — The Federal Reserve Bank of San Francisco appointed Steven W. Streit, founder and CEO of Green Dot Corporation, to its Los Angeles Branch board of directors for a three-year term, effective January 1, 2017. He is replacing David I. Rainer, Chairman and CEO, California United Bank, Encino, CA, whose term has […]

Portland, Oregon – The Federal Reserve Bank of San Francisco appointed Tamara L. Lundgren chair of the Portland Branch board of directors, effective January 1, 2017. In addition, Anne C. Kubisch, president and chief executive officer of The Ford Family Foundation, was appointed to its Portland Branch board of directors effective January 1, 2017. She […]

Seattle, Washington — The Federal Reserve Bank of San Francisco appointed Drew Wolff, Vice President and Treasurer of Starbucks Coffee Company, to its Seattle Branch board of directors for a three-year term, effective January 1, 2017. He is replacing Nicole W. Piasecki, Vice President and General Manager, Propulsion Systems Division, The Boeing Company, Seattle, WA, […]

San Francisco, California — The Federal Reserve Bank of San Francisco’s board of directors has appointed Robert G. Sarver, chairman and CEO of Western Alliance Bancorporation, to represent the District on the Federal Advisory Council for a one-year term beginning January 1, 2017. Mr. Sarver succeeds John G. Stumpf, former chairman and CEO of Wells […]

San Francisco, California — The Board of Governors of the Federal Reserve System designated Alexander R. Mehran as chairman of the Federal Reserve Bank of San Francisco’s board of directors, and Barry M. Meyer as deputy chairman, effective January 1, 2017. Mr. Meyer was also reappointed as a Class C director for a three-year term, […]

San Francisco, California — The Board of Directors of the Federal Reserve Bank of San Francisco has appointed Mary C. Daly executive vice president and director of Economic Research, the Bank announced today. In this capacity, Ms. Daly will oversee all research and analysis functions that support the development of monetary policy and that help […]

Anchorage, Alaska – A return to rate hikes “makes sense,” said a top Fed official today. “In the context of a strong domestic economy with good momentum, it makes sense to get back to a pace of gradual rate increases, preferably sooner rather than later,” said John Williams, president of the San Francisco Fed. He […]

Federal Reserve Bank of San Francisco economists Zheng Liu and Mark Spiegel along with co-author Chun Chang of the Shanghai Advanced Institute of Finance have been awarded the Sun Yefang Award for their paper “Capital Controls and Optimal Chinese Monetary Policy,” published in the Journal of Monetary Economics.

Sacramento, California – It’s “more likely than not” that slow productivity growth “is both real and here to stay,” said John C. Williams on Friday. However, the San Francisco Fed president told the Sacramento Economic Forum, this should not cause alarm. “While the days of 2½ to 3 percent growth are behind us, at least […]