The Federal Reserve Bank of Kansas City’s presidential search committee, which was formed last year, is continuing its work to identify a successor to Esther George, who retired at the end of January as the result of mandatory age limits for Federal Reserve Bank presidents.
The search committee, consisting of the Bank’s Class B and C directors, is assessing candidates based on the criteria included in the presidential job description.
Because the focus of the search is on identifying the best candidate for the role, there is no deadline associated with the process. Following the requirements of the Federal Reserve Act and the Bank’s bylaws, Kelly Dubbert, first vice president and chief operating officer, will assume the responsibilities of Bank president until a successor is selected by the Bank’s non-banker directors and approved by the Fed’s Board of Governors in Washington, D.C.
For more information on the search, the members of the search committee, the full job description and additional updates, visit KansasCityFed.org/presidentialsearch.