Esther George Effect: Jackson Hole, Women in Finance, Taper Talk
- Esther L. George, head of the Kansas City Federal Reserve, covers the news with a humiliating story
- Kell Jackson Hole, George has a major impact on changing gender diversity
- On the first day of the economic gathering, there are 8 speakers, in 2009 there were 0 of them
Ahead of the online Jackson Hole Symposium on Economic Titans, Esther George, President of the Kansas City Federal Reserve, was among the most prominent women in finance and the economy, said it was time to start reducing asset purchases. These included his narrower observations pathetic comments from some US Federal Reserve officials on the eve of the first day of the year Jackson Hole Symposium On August 27, George is considered one of the most culinary-fed officials and will become FOMC voting member next year. The first degree rise seems more likely at the end of 2022.
A remarkable and less reported change in speaker composition is. On the first day, 8 of the 17 panels and moderators were women. The conference was chaired by Janice Eberly, an American economist and professor at Northwestern University. In addition to George himself, women were on the agenda International Monetary Fund Chief Economist Gita Gopinath and Economist at the Massachusetts Institute of Technology Kristin Forbes Bank of Englandofficial.
Economist and professor at the University of Chicago Veronica Guerrieri told the Jackson Hole audience that central banks should keep interest rates low for as long as possible to help job seekers move from industries destroyed by COVID-19 to industries that grew during the pandemic.
For nearly half a century, the Kansas City Federal Reserve has contributed to sponsoring the Jackson Hole Economic Symposium (and its predecessor) to address the toughest economic challenges of the time. See is one of the longest running central bank conferences in the worldand one of the most reputable. For most of its years, its famous speakers have been men.
George changed all that in 2011 when he took over the reins of the regional central bank. “When I came in, the planning staff found an opportunity to expand the role of women and minorities at the conference,” she said in an economic podcast. The first challenge was finding the right women by building networks and tapping. “In the first year, the women met around a small table. Last year we had to move to the terrace. We will continue to increase gender diversity as part of the program, “he said.
Read closer women in finance in our ongoing series.