This Economic Letter is adapted from a speech by Janet L. Yellen, president and chief executive officer of the Federal Reserve Bank of San Francisco, to the National Association for Business Economics in San Francisco, California, on September 10, 2007.

Speech to the Bay Area Council 18th Annual Outlook Conference, Alameda, California, April 16, 2008

Speech to the San Francisco Planning and Urban Research Group, San Francisco, California, February 12, 2008. ; President Janet L. Yellen presented similar remarks to the Chartered Financial Analysts of Hawaii, Honolulu, Hawaii, February 7, 2008

Speech to the National Association for Business Economics, San Francisco, California. September 10, 2007

Speech to a community leaders' luncheon, Portland, Oregon, July 10, 2008. ; President Yellen presented similar remarks to the University of California San Diego Economics Roundtable in San Diego, CA on July 7, 2008

Speech to the San Francisco Planning and Urban Research Group, San Francisco, California, February 12, 2008. ; President Janet L. Yellen presented similar remarks to the Chartered Financial Analysts of Hawaii, Honolulu, Hawaii, February 7, 2008

Speech to the Bay Area Council 18th Annual Outlook Conference, Alameda, California, April 16, 2008

Speech to the National Association for Business Economics, San Francisco, California. September 10, 2007

Speech to the Chartered Financial Analysts of Hawaii, Honolulu, Hawaii, February 7, 2008

Speech to Town Hall – Los Angeles, Los Angeles, California, October 9, 2007