Federal Reserve monetary policy decisions significantly affect business and financial market conditions. During this session, Ms. George, a voting member of the Federal Open Market Committee, will share her perspective on current conditions affecting Monetary Policy decisions, followed by a moderated Q&A session covering monetary policy and Federal Reserve topics of interest to attendees.
Esther George is president and CEO of the Federal Reserve Bank of Kansas City. As president of the Kansas City Fed, she leads a workforce of close to 2,000 employees at offices in Kansas City, Omaha, Denver and Oklahoma City. The Kansas City Fed is responsible for conducting monetary policy, providing financial services to depository institutions, and supervising nearly 1,000 banking organizations within a seven-state region that includes western Missouri, Kansas, Nebraska, Oklahoma, Colorado, Wyoming and northern New Mexico.
In 2019, President George serves as a voting member on the Federal Reserve’s policymaking body, the Federal Open Market Committee. In this role, she represents the Tenth Federal Reserve District in policy deliberations and provides a perspective based on three decades of experience as a banking supervisor. In addition, her views are informed by regular contacts with the region’s businesses, workers, financial institutions and community organizations. The Tenth Federal Reserve District has a diverse economic profile that includes a mix of agriculture, energy, manufacturing, tourism, real estate and small business.
President George also leads the Federal Reserve System’s effort to modernize the U.S. payments system to enhance the security and speed of transactions across the banking system. She is also a member of the board of trustees of the Kauffman Foundation, which is dedicated to advancing educational achievement and entrepreneurial success.
Michael Hofmann is a member of the NACD Pacific Southwest Advisory Board and director of several non-profit organizations. Most recently, he served on the board of Calpine Corporation and its audit and compensation committees until the company’s sale to private investors (2013-2018).
Michael served on Koch Industries, Inc.’s senior leadership board (2000-2012) and as senior financial executive and chief risk officer with global responsibility for enterprise risk management, trading and financial investment oversight, and economic point-of-view development. He helped advance Koch’s culture globally, improved capital allocation within and across all business units, was a key contributor to highly successful supply, trading and investment businesses, and participated in significant acquisitions and investments.
Michael served on the Federal Reserve Bank of Kansas City Economic Advisory Council and following the financial crisis participated in forums exploring monetary policy, risk management, regulation, and board oversight issues in the financial industry. He was the first ever chief risk officer of a major non-financial firm and contributed to the development of global risk management education, standards, and practices. He served as trustee, member of the executive committee, and chair of the audit and risk committee of the Global Association of Risk Professionals (2002-2014).