Economists, even good ones, can sometimes state the obvious and leave a sense that the impossible can actually occur, which of course it will not. The Economic Outlook for 2009 and Community Banks  Delivered February 6, 2009 in Hawaii | Janet Yellen, CEO, Federal Reserve Bank of San Francisco It’s also important to acknowledge that banking organizations find themselves under intense scrutiny and are subject to conflicting pressures. At a time of nearly unparalleled challenges for financial institutions, you find yourselves called on simultaneously to preserve capital, avoid excessive risk, and step up your lending. Policymakers are mindful how difficult … Continue reading The Economic Outlook for 2009 and Community banks | Yellen SF Fed