Banks in Arizona and western states are benefitting from a generally solid economy with ongoing growth and steady employment and remain “safe and sound,” a top Federal Reserve official said in Phoenix.
She said banks are probably anticipating a bit less regulation coming from Washington.
“The national economy is in a good place,” said Mary C. Daly, president and CEO of the Federal Reserve Bank of San Francisco, at a conference geared to community bankers and hosted by the American Bankers Association. Businesses in Arizona and other Western states seem more optimistic than those in many other parts of the nation, she added.
Daly spends much of her time traveling around to meet with business representatives and others in her district, which encompasses nine states including Arizona. She spoke Feb. 18 at the conference, held at the JW Marriott’s Desert Ridge Resort & Spa.
