The San Francisco Fed chief says Silicon Valley is thriving, but “in transitional waters” on Marketplace Tech

“Tech is still a thriving industry. There are so many new companies, new developments, so many people employed in that sector. It is a thriving sector, but it’s not growing as quickly as it once was.” Read the article.

The Federal Reserve Bank of San Francisco (SF Fed) serves the public by promoting a healthy, sustainable economy, and supporting the nation’s financial and payment systems. With offices in Los Angeles, Seattle, Salt Lake City, Portland and Phoenix, the Bank serves the Twelfth Federal Reserve District, which includes one-fifth of the nation’s population and represents the world’s fourth-largest economy. As part of the nation’s central bank, the SF Fed informs monetary policy, regulates banks, administers certain consumer protection laws and acts as a financial partner to the U.S. government.