San Francisco Federal Reserve president and chief executive Mary Daly called on the city’s technology founders to bring their employees back to work amid record-high office vacancies that have helped fuel concerns of an economic “doom loop” there.
“If you’re the founder of something and you’re part of this, then let’s change it,” Daly said at San Francisco’s Commonwealth Club on Monday. “This isn’t being done to us, we live in the city and so together we can help.”
She added that regenerating downtown San Francisco would require a “public-private partnership, working collectively to make sure that this is a place we want kids to live and other people to come”.
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