Press Releases

Theodore F. Craver, Jr. San Francisco, CA – The Federal Reserve Bank of San Francisco announced that Theodore (Ted) F. Craver, Jr., chairman, president and CEO of Edison International, was appointed a member of the Federal Reserve Bank of San Francisco’s Economic Advisory Council (EAC). Edison International is the parent company of Southern California Edison, […]

New York, New York — Reiterating that all policy decisions will be data-driven, John C. Williams, president and CEO of the Federal Reserve Bank of San Francisco, said today that the economy’s solid footing convinced him that rates should be raised before inflation reaches the Fed’s 2 percent target. “As I have made possibly overly-clear, the […]

Orange, CA — Legislating that a central bank follow a strict set of operational mandates restricts its freedom to react in crises and limits “the discretionary decision making” of the Fed, said one of its top officials on Friday. Speaking at Chapman University in Orange, California, John C. Williams, CEO and president of the Federal […]

Jacqueline D. Reses, chief development officer for Yahoo, was appointed a member of the Federal Reserve Bank of San Francisco’s Economic Advisory Council (EAC).

Honolulu, HI — Given the lag between the implementation of monetary policy and its full effects, John C. Williams today said that he believed the federal funds rate should be lifted before inflation reached the Fed’s preferred 2 percent goal. Mr. Williams, President and CEO of the Federal Reserve Bank of San Francisco, laid out […]

San Francisco, CA – The Federal Reserve Bank of San Francisco announced that George Zinn, corporate vice president and treasurer of Microsoft Corporation and John E. “Jack” Pelo, president and CEO of Swire Coca-Cola USA, were appointed chair and vice chair of the Federal Reserve Bank of San Francisco’s Economic Advisory Council (EAC). Mr. Zinn […]

Charles A. Wilhoite Portland, OR – The Federal Reserve Bank of San Francisco has appointed Charles A. Wilhoite, managing director and national director of health care services at Willamette Management Associates, and Steven J. Zika, chief executive officer and director at Hampton Affiliates, to its Portland Branch board of directors, effective January 1, 2015. At […]

James A. Hughes Los Angeles, CA – The Federal Reserve Bank of San Francisco appointed James A. Hughes chairman of the Los Angeles Branch board of directors, effective January 1, 2015. In addition, Ilyanne Morden Kichaven, SAG-AFTRA Executive Director, Los Angeles Local, and Robert H. Gleason, president and CEO of Evans Hotels, were appointed to […]

John G. Stumpf San Francisco, CA — The Federal Reserve Bank of San Francisco’s board of directors has appointed John G. Stumpf, chairman, president, and CEO of Wells Fargo & Company to represent the District on the Federal Advisory Council for a one-year term beginning January 1, 2015. Mr. Stumpf succeeds Michael Shepherd, chairman and […]

San Francisco, CA — Janet Garufis, president and CEO of Montecito Bank & Trust, Santa Barbara, CA, was appointed chair of the Federal Reserve Bank of San Francisco’s Community Depository Institutions Advisory Council (CDIAC). Ms. Garufis has been on the council since January 2014. Ms. Garufis began her career more than 40 years ago with […]