Kansas City Fed president has a full day of Omaha appearances

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Posted: Tuesday, February 12, 2013 12:00 am

Esther George's talk at UNO Tuesday was one of four appearances she has scheduled for her day in Omaha.

The president of the Federal Reserve Bank of Kansas City, Mo., talked to about 300 people at UNO's College of Business Administration, including students and area business people who were invited by the university.

Earlier, she spoke to business and economics faculty members from UNO, Creighton and UNL, a session one participant said was spiced with good questions from the professors.

Then her public talk, and reporters were allowed to attend and take notes, but not ask questions. The Federal Reserve has some rules about public appearances by members of its Open Market Committee, and George is a voting member of the committee this year.

After the UNO stop, George was due to attend a lunch with about a dozen Omaha bankers at the Omaha Press Club. Tuesday evening, she was to speak at a dinner meeting of a financial club. Both food sessions were closed to reporters.

The lunch and dinner appearances promised to be two-way sessions: George said she tries to learn from business people in the Kansas City bank's district, who can give her first-hand accounts of how the economy is doing at ground-level.

That information is important in her thinking about the monetary policies that the Open Market Committee sets, including interest rates and buying up securities to boost the economy.

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