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FRBSF University Symposium

FRBSF University Symposium. Board of Governors Governor Randall S. Kroszner Chris Clark Heidi Downs Travis George Jim Mignano Finian Small. FRBSF University Symposium. Current US Economic Conditions. Deceleration of GDP growth Consumer spending slowing down

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FRBSF University Symposium

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  1. FRBSF University Symposium • Board of Governors • Governor Randall S. Kroszner • Chris Clark • Heidi Downs • Travis George • Jim Mignano • Finian Small

  2. FRBSF University Symposium Current US Economic Conditions • Deceleration of GDP growth • Consumer spending slowing down • Decrease in residential investment • Largest decrease since 1991 • Inflation is still under control

  3. FRBSF University Symposium Current US Economic Conditions

  4. FRBSF University Symposium Current US Economic Conditions • Fed Funds Rate: 5.25% • Low unemployment • Personal income increased

  5. FRBSF University Symposium Current International Conditions • Improving current account • Shrinking trade deficits • Worsening capital account • Shrinking capital and investment net inflow surpluses

  6. FRBSF University Symposium Summary of Decision • Domestic conditions are stable • International markets are moving toward equilibrium • A rate increase would only serve to disrupt natural market corrections

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