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Kansas City Fed Meadows. Esther George will retire in January 2023

Kansas City Fed Meadows. Esther George will retire in January 2023


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

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

  • I expect the Fed rate to be around 2% by August

  • Evidence that inflation is clearly decelerating will inform judgments on further tightening

  • Inflation is too high and too broad to ignore; bringing it back to the Fed’s 2% target is the ‘top priority’

  • The household savings surplus is a crucial wildcard for forecasting demand

    • Given how hard it is to be a central banker these days, it’s no wonder she seems so angry/serious.

    Here is a photo of her in retirement.


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    Posted by Cammile Bussière In Last Modified