Kansas City Fed’s George to Retire, Creates Second 2023 Opening

Federal Reserve Bank of Kansas City President Esther George will retire in January, creating a second leadership opening among the 12 regional Fed banks in 2023.

George is stepping down as required by mandatory retirement rules for Reserve Bank presidents, the Kansas City Fed said in a statement Wednesday. She’s led the bank since October 2011.

Her departure will come around the same time that Chicago Fed chief Charles Evans steps down. Both will have turned 65. The two openings continue a period of higher-than-usual turnover among Fed presidents, at a time when the 12 regional banks are under pressure ...