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S.F. Fed president says ‘doom loop’ talk ignores reality of city’s economic power

Posted on AllSides June 24th, 2024
From The Left

While she acknowledged that the city has plenty of challenges, like empty offices and expensive housing, Daly said the city’s powerhouse economy has far too much going for it for a doomsday scenario to happen. (Other economists agree.) “It’s hard for, as an economist and a historian, to say that you’ve got talented people, a beautiful place to live, great infrastructure, and an innovative entrepreneurial spirit, that you’re going to be held back. So I think that’s where San Francisco is,” Daly said during a talk on Monday at the...

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