Kansas City Fed names new president

Former bank chief executive Jeffrey Schmid takes over from Esther George

Kansas City Federal Reserve
David R. Frazier Photolibrary, Inc. / Alamy Stock Photo

Beginning August 21, Jeffrey Schmid will be the president and chief executive of the Federal Reserve Bank of Kansas City.

The appointment ends a lengthy search process, as former president Esther George retired on January 31. Schmid will complete George’s term, which ends in February 2026. He can be reappointed for a new term.

Schmid’s most recent leadership role was as president and chief executive of the Southwestern Graduate School of Banking Foundation at the SMU Cox School of Business in

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