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Kansas City Fed Names George President, Succeeding Hoenig

The Federal Reserve Bank of Kansas City named Esther George, its No. 2 official, as president to succeed Thomas Hoenig, the U.S. central bank’s longest-serving policy maker, who is retiring.

George, 53, who has spent much of her career in bank supervision, has served as first vice president since 2009 and joined the bank in 1982, the Kansas City Fed said in a statement today. Hoenig, 65, who dissented from all Fed monetary-policy decisions in 2010, departs Oct. 1 under the retirement-age policy for regional Fed presidents.