The country and the state of Utah are on the right economic path, as the Federal Reserve slowly increases interest rates and the Intermountain West develops as a tech corridor, according to the president of the central banking system’s Western region.
“[We’re in the ninth year of economic expansion. People can’t lose track of that,” said John C. Williams, president of the Federal Reserve Bank of San Francisco, whose nine-state territory includes Utah. In an interview with The Salt Lake Tribune, he noted that the country has experienced only two longer periods of economic growth since the Civil War — one in the 1990s, the other in the 1960s.