Federal Reserve Bank President Addresses Economy


Esther George, president of the Kansas City Fed, spoke to more than 270 St. Joseph Chamber of Commerce members at the Economic Development Summit on Aug. 28.

George serves as a voting member on the Federal Reserve’s policymaking body, the Federal Open Market Committee. She recently voted against lowering the target range for the federal funds rate. However, she was in the minority on the committee, which approved the first interest rate cut in 11 years.

“In my view, incoming economic data and the outlook for economic activity over the medium term warranted no change in the policy rate,” George said.

To see more on what George, a Missouri Western State University graduate, said at the event, see this article.