Kansas Fed president supports bankers on boards of directors


Esther George, president of the Federal Reserve Bank of Kansas City, on May 24 offered her support for bankers occupying seats on the board of directors at the Fed banks, but said when they slip below the expected level of conduct, they should resign.

"Directors have a special obligation for maintaining the integrity, dignity and reputation of the Federal Reserve System," George said. "Yes, bankers should serve. They provide valuable information about the economy, credit conditions and the payme

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