Kansas City Fed Pres. Esther George to retire in January 2023

The Kansas City Fed Pres. Esther George (voting member in 2022) is to retire in January 2023. The search for a new Kansas City Fed Pres. has begun.

Recent comments from Monday from George:

• Further war-related production delays and lockdowns could raise inflation and mean more Fed intervention
• War, or China lockdowns, on the other hand, might slow growth and trim inflation
• The pandemic may have harmed irreversibly the productive potential of the economy

• I expect the Fed's policy rate to be in the neighborhood of 2% by August

• Evidence inflation is clearly decelerating will inform judgments about further tightening

• Inflation is too high and too broad to dismiss; returning it to the Fed's 2% target goal is 'top priority'

• Surplus household savings are a crucial wildcard for the demand forecast

• Road ahead will be bumpy
• Wants to see inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term moving down in a convincing fashion
• Cost of higher interest rates is difficult for politicians to accept

Given the difficulty of being a central banker these days, it is no wonder she seems so angry/serious.

Here is a picture of her in retirement.