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Federal Reserve Bank president presents economic outlook

Wednesday, August 15, 2012

LAWRENCE — KU MBA students, faculty and alumni heard the economic forecast today from a leader in monetary policy.

Esther George, president and chief executive officer of the Federal Reserve Bank of Kansas City, spoke at the inaugural MBA orientation lecture on Wednesday, Aug. 15, in Lawrence.

The event was private and only open to invited guests.

George is a member of the Federal Open Market Committee, which has authority over United States monetary policy.

Recently, she has served as the acting director of the Federal Reserve's Division of Banking Supervision and Regulation at the Board of Governors of the Federal Reserve System in Washington, D.C.

George was appointed president in 2011 from her previous position as the bank's first vice president and chief operating officer since August 2009.

In 2009, George was named executive vice president in charge of the bank's division of supervision and risk management, a division where she served as senior vice president since 2001. She was responsible for the supervision and regulation of the District's 170 state-chartered member banks and nearly 1,000 bank and financial holding companies, as well as the bank's discount window and risk management functions.

Her experience in international central banking issues includes involvement with the Bank for International Settlement's Financial Stability Institute programs in Lima, Peru, and Abu Dhabi, U.A.E. She also held a position as the Tenth's District's lead officer for international partnership programs involving the central banks of Morocco and Iraq.

George has held various leadership positions within the bank, including research support functions, public affairs and human resources.

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