Posted by in Local Industry Updates, SFSTA Updates

Prepared remarks and charts were presented in a paper entitled, “Housing, Monetary Policy, and the Recovery” to the Monetary Policy Forum on February 24, in New York, NY, by John C. Williams, President and CEO, Federal Reserve Bank of San Francisco.  Williams, a voting member of the FOMC, writes, “housing was important in explaining regional differences during the downturn.  But once the downward adjustments took place, the disappointing pace of recovery has been similar across regions, suggesting broad-based factors have been at work… Williams addressed the implications for monetary policyClick here for paper and charts.



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