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Kansas City Federal Reserve President On Economic Recovery From The Pandemic

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Luke X. Martin
/
KCUR 89.3
The Federal Reserve Bank of Kansas City

The pandemic left it's mark on the country and the state of Missouri, but new moves from the Federal Reserve look to help the economy bounce back.

The Federal Reserve Board made news when last week Fed Chair Jerome Powell signaled a change in the Fed's strategy to bolster the economy. The central bank is readying to reduce its monthly $120 billion purchase of government-backed bonds.

There are concerns over whether inflation will be stable enough and unemployment low enough to absorb this move by the Federal Reserve.

There is a huge gap, though, between available jobs and available workers. Esther George, president of the Federal Reserve Bank of Kansas City believes some of the biggest issues lie with the pandemic.

Women are leaving the labor force in disproportionate numbers and not returning while other workers have opted for retirement rather than return to the labor force.

When I host Up To Date each morning at 9 a.m., my aim is to engage the community in conversations about the Kansas City area’s challenges, hopes and opportunities. I try to ask the questions that listeners want answered about the day’s most pressing issues and provide a place for residents to engage directly with newsmakers. My email is steve@kcur.org.
As senior producer of Up To Date, I want our listeners to hear familiar and new voices that shine light on the issues and challenges facing the myriad communities KCUR serves, and to expose our audiences to the wonderful and the creative in the Kansas City area. Just as important to me is an obligation to mentor the next generation of producers to ensure that the important conversations continue. Reach me at alexanderdk@kcur.org.
Reginald David is an assistant producer with Up To Date. You can reach him at reginalddavid@kcur.org.