The Federal Reserve Bank of San Francisco has announced the addition of new members to its Economic Advisory Council (EAC), effective January 1, 2025. The council serves as a source of information on economic developments in the Twelfth District and provides advice to the bank's senior leadership.

The new EAC members are Laura Clark, Chief Financial Officer at Rexford Industrial Realty in Los Angeles, California; Michael Crome, Chief Financial Officer for the Las Vegas Raiders in Henderson, Nevada; Miriam Rivera, CEO, Co-Founder, and Managing Director of Ulu Ventures in Palo Alto, California; Ed Schultz, CEO of Hawaiian Host Group in Honolulu, Hawai’i; and Hayden Watson, Owner and Chairman of Hayden Homes in Redmond, Oregon.

Garrett Lofto has been designated as the new EAC Chair for 2025. He is currently serving as President and CEO of J.R. Simplot Company based in Boise, Idaho.

"The Twelfth District Economic Advisory Council (EAC) is a source of information on current and pending economic developments in the Twelfth District," states Jennifer Chamberlain from the Federal Reserve Bank of San Francisco. The council includes members residing within the nine-state district covered by this Reserve Bank.

The Federal Reserve Bank of San Francisco aims to advance monetary, financial, and payment systems across its jurisdiction. As part of its mission under the U.S. central bank's dual mandate—maximum employment and price stability—the SF Fed serves areas including Alaska, Arizona, California, Hawai’i, Idaho, Nevada, Oregon, Utah, Washington along with American Samoa, Guam and the Commonwealth of the Northern Mariana Islands.