States Treasury. In some cases, the consolidation of certain activities across the Federal Reserve System has occurred. In the years to come, the Federal Reserve will be faced with changes in how it must deliver on its public mission. I am confident that the Kansas City Fed’s dedicated employees are more than capable of continuing to serve our region with the commitment and skill I have witnessed throughout my career. However, it is imperative that the founding principles of the institution remain its compass. The public’s trust in the nation’s central bank will likely continue to require its decentralized engagement in communities across the country. While the pandemic made very clear that technology can bring us together in ways once unimaginable, it also reaffirmed to me and many others the true value of getting out from behind the screen and talking to each other in person. The experience confirmed for me something that I have experienced firsthand: the regional Federal Reserve Banks, along with their affiliated Branch offices, are as important today in understanding our economy and serving our nation as they have ever been. Technology may offer the functionality of a connection, but effective understanding and engagement can only come from a shared experience and perspective. It has been an honor to serve as President of the Federal Reserve Bank of Kansas City the past 11 years and to represent this region’s perspective as part of policy deliberations. I am deeply grateful to those who have been willing to serve with me, including our directors, advisory council members, roundtable participants and the many individuals who attended Fed-sponsored events over the years. By welcoming me and other members of the Fed team to your factories, farms and other workplaces, you have helped to ground our understanding of the region’s diverse and vibrant economy and contributed meaningfully to the policy views I shared with my colleagues on the Federal Open Market Committee. Thank you, Esther L. George YOUR FAMILY COMES FIRST. HTRUST.COM ∙ 575.758.7700 ∙ NEW MEXICO Offices in Taos, Santa Fe & Albuquerque We are a state-chartered, locally-owned, independent trust company, devoted to families & their advisors. Issue 1 • 2023 25
RkJQdWJsaXNoZXIy MTg3NDExNQ==