The Federal Reserve Bank of San Francisco

Presentation to the Portland Business Journal CFO of the Year Awards Luncheon
Portland, Oregon

What's Happening in the 12th District?
FedViews
Posted May 13, 2013
The economy continues to expand at a moderate pace. Ongoing federal deficit reduction will weigh on the recovery in the near term, but we expect growth to pick up next year as monetary policy remains accommodative and the forces restraining recovery ease somewhat.
Will Labor Force Participation Bounce Back?
Posted May 13, 2013
Evidence from the most recent U.S. recession and recovery show that states with the largest declines in labor force participation rates have also shown the largest job losses. This suggests that some of the recent drop in the national labor force participation rate could be cyclical.
Tech Pulse
Posted May 8, 2013
In April 2013 the Tech Pulse Index grew at an annualized rate of 5.0%, compared to its 15.8% historical average. The Tech Pulse Index grew 3.5% over the past 12 months.
Crises Before and After the Creation of the Fed
Posted May 6, 2013
If a central bank had existed and had lowered interest rates during the Panic of 1907 the same way the Fed did during the 2008 financial crisis, GDP would have contracted 2 percentage points less than it actually did during the harsh recession that followed.
FOMC Statement offsite icon
Posted May 1, 2013
Information received since the Federal Open Market Committee met in March suggests that economic activity has been expanding at a moderate pace.