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MNI: Kansas City Fed President George To Retire In Jan

(MNI) Washington
(MNI) Washington

Esther George to step down after 40 years service at KC Fed.

True

Federal Reserve Bank of Kansas City President Esther George said Wednesday she plans to retire in January coming, the latest in a string of personnel changes on the FOMC this year as officials wage an aggressive fight against inflation.

George has served at the Kansas City Fed for 40 years and is subject to a mandatory retirement rule. She has a leadership role in developing FedNow, the Fed's instant payments system, and hosts the FOMC's Jackson Hole conference every August.

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Federal Reserve Bank of Kansas City President Esther George said Wednesday she plans to retire in January coming, the latest in a string of personnel changes on the FOMC this year as officials wage an aggressive fight against inflation.

George has served at the Kansas City Fed for 40 years and is subject to a mandatory retirement rule. She has a leadership role in developing FedNow, the Fed's instant payments system, and hosts the FOMC's Jackson Hole conference every August.

Keep reading...Show less