As CEO of the Kansas City Fed, George leads a workforce of more than 2,000 employees located at the Bank’s Kansas City office and Branch offices in Denver, Oklahoma City and Omaha. The Kansas City Fed oversees seven states: western Missouri, Kansas, Nebraska, Oklahoma, Colorado, Wyoming and northern New Mexico. Throughout this region, the Kansas City Fed plays a role in national monetary policy, supervises financial institutions and provides payment and financial services to depository institutions and the U.S. Treasury.

George joined the Fed in 1982 and served much of her career in the Division of Supervision and Risk Management. She began by becoming a commissioned bank examiner and eventually served for ten years as the District’s chief regulator. In that capacity, she was responsible for oversight of the District's 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. She was directly involved in the Tenth District’s banking supervision and discount window lending activities during the banking crisis of the 1980s and post-9/11.

She is a former chair of the Federal Reserve System's Community Banking Organizations Management Group. George has also 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 is a native of Missouri. Beyond the Tenth Federal Reserve District, she hosts the Federal Reserve Bank of Kansas City’s annual Jackson Hole Economic Symposium. She has also participated in the Bank for International Settlement’s Financial Stability Institute programs in Lima, Abu Dhabi, Beijing and Malaysia.

Speeches, Statements and Papers

Policy Perspectives

Policy Perspectives are written by Esther George, president and CEO of the Kansas City Fed. In this occasional publication series, she discusses issues related to the Federal Reserve’s role in payments, banking supervision and monetary policy.

From Then to FedNow: Payments Innovation and the Federal Reserve

December 18, 2020
Since its founding, the Federal Reserve System has evolved its payments services to be responsive to changes in the industry and to meet the needs of its customers and the public generally. To be sure, episodes of tragedy and crisis can amplify the gaps in legacy systems and approaches, and the COVID-19 pandemic is no exception as it highlights shifting consumer payments preferences.

Pondering Payments: Challenges of Reaching All Americans

June 30, 2020
As the effect of the COVID-19 pandemic has reverberated, the payments system has continued to operate, ensuring that the economy continues to function. Although there have been changes in the ways transactions are occurring, the payments infrastructure that supports them is working well—though perhaps not as fast as some would like. A more pressing issue, however, is how to reach consumers who do not have the ability to receive payments electronically into a bank account.

President's Messages

Read President George's column from TEN Magazine.

Digital currencies – A system upgrade or ‘Problems 2.0?’

April 20, 2020 | ten
Digital currencies – A system upgrade or ‘Problems 2.0?’

Understanding the roles and responsibilities of the Board of Governors and the FOMC

January 08, 2019 | ten
One of the most closely watched responsibilities that Congress has assigned the Federal Reserve is to administer monetary policy that supports both stable prices and maximum employment.

Long-term trends in the U.S. labor force and implications for policymakers

October 17, 2019
Esther George delivered the following remarks in July at a forum on “the Silver Economy” in Helsinki, Finland.

Is low inflation a problem for the United States?

July 10, 2019 | ten
As central banks have done in other countries, the Federal Reserve last November announced its plans to review its monetary policy strategy, tools and communications practices. This review strikes me as appropriate given the changes that occur over time in our economy, but it may be especially important now in a low-interest-rate environment.

Evaluating our inflation objective

May 08, 2019 | ten
With the unemployment rate at a historically low level and inflation currently running just under the FOMC’s objective, a longer-run policy issue is whether the persistent undershoot of our inflation objective is undermining its credibility and causing inflation to be anchored at too low a level.

Ensuring that payments keep pace with technology

November 13, 2018 | ten
Technology is changing the way we do business and how people conduct transactions.

Monetary policy and reform in practice

August 22, 2018 | ten
When times are good, as they are now, it is an opportune time to resolve some of the uncertainties around how we will implement monetary policy in the future, what strategies we will employ in response to the next downturn, and how can we best promote resilience and stability in our financial system.

Steady, measured steps needed to sustain expansion

May 01, 2018 | ten
There is a lot going on at the Fed right now. At January’s Federal Open Market Committee meeting, we said our farewells to Janet Yellen, whose term as Fed chair has ended. In February, Jay Powell took the oath of office as the Fed’s new chairman. Amid these changes at the Federal Reserve, the fundamentals of the U.S. economy are sound.

The importance of banking diversity

January 03, 2018 | ten
The health and diversity of our banking system remains key to the promise of delivering broad-based economic gains for thousands of communities.

Fed Balance Sheet 101

November 07, 2017 | ten
The Federal Reserve balance sheet has received much attention lately.

Why community banks matter

July 05, 2017 | ten
Community banks have an important connection with the Federal Reserve.

A monetary policy for long-run economic stability

April 03, 2017
The outlook for the economy does not call for tight policy by any means, but a gradual and deliberate move to more normal rates is necessary.

Challenging issues for banking in the United States

January 02, 2017 | tenmagazine
The future of banking regulation and the challenges the industry faces.

The Accountability and Governance of the Federal Reserve

October 03, 2016 | ten
President Esther George testifies before the House Subcommittee on Monetary Policy and Trade.

Making a Connection



Structure, Governance, Representation

This white paper offers historical perspective and an assessment of the effectiveness of the Federal Reserve System’s current governance and structure.

President's Financial Disclosure

To obtain the most recent financial disclosure forms for Federal Reserve Bank of Kansas City President Esther L. George, please contact Bill Medley.

Federal Reserve Bank of Kansas City Code of Conduct

Our code of conduct details the principles and standards for employee conduct.

Diversity and Inclusion

Read President George's message about our commitment to diversity.

Checks and Balances

Reserve Bank presidents are subject to a reappointment process involving local directors and the Board of Governors.