WASHINGTON — Esther George, the No. 2 official at the Federal Reserve Bank of Kansas City, has been picked for the top spot at the bank to succeed Thomas Hoenig, the Fed’s longest-serving regional bank president. He steps down Oct. 1.
George, 53, joined the Fed in 1982, serving as a bank examiner until 1995, when she began moving into executive positions in Kansas City, one of the Fed’s 12 regional banks, which includes Colorado.
George’s views on monetary policy are not known. The Kansas City Fed president will have a vote on the Federal Open Market Committee, which sets interest-rate policy.
Troy Davig, an economist at Barclays, said George’s expertise in bank supervision would be an asset for the Fed as it implements the sweeping overhaul of bank regulations passed by Congress last year. The Associated Press
