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) works to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans. As part of the U.S. central bank, the SF Fed serves the Twelfth Federal Reserve District, which covers the nine western states—Alaska, Arizona, California, Hawai’i, Idaho, Nevada, Oregon, Utah, and Washington—plus American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. By pursuing our two key goals of maximum employment and price stability—known as the Fed’s dual mandate—we work toward supporting an economy that works for everyone.