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BankNews Mid-Week brings you the news you need every Wednesday, covering important industry issues for the states of Colorado, Illinois, Iowa, Kansas, Nebraska, New Mexico, Missouri, Oklahoma, Texas and Wyoming.
Subscribers depend on Mid-Week to keep up with the latest legislation, personnel changes, charter applications and opportunities throughout the 10 Midwest and Rocky Mountain states. Plus, Mid-Week’s classified advertising section keeps subscribers current on the latest job openings, as well as available products and services.
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Sept. 11, 2013
CANDID THOUGHTS on the appropriate course for monetary policy over the next few months were expressed by Esther George, president and CEO of the Federal Reserve Bank of Kansas City, during a speech at a business and community leaders luncheon in Omaha, Neb., Sept. 6.
Markets are now beginning to adjust to the reality that the current level of central bank accommodation cannot last indefinitely, she noted. “In fact,” she said, “longer-term interest rates have risen based on Chairman Bernanke’s statements that it ‘would be appropriate to moderate the monthly pace of purchases later this year.’ Given the decline in the unemployment rate and noted risks to financial stability posed by the asset purchases, I have advocated for such reductions this year as a voting member of the FOMC.”