The purpose of the advisory council is to provide guidance to the Kansas City Federal Reserve Bank headquarters and its branches in Denver, Oklahoma City and Omaha. Richard Lewis will lend his expertise and geographic perspective to advise the Federal Reserve Bank on the economic climate relevant to our region. “The development of sound monetary policy is essential for our region and our nation. It is an honor to serve with such an esteemed group to assist in this process and ensure economic conditions from our community are considered.”
In 1913, the Federal Reserve was established by congress as a response to financial panic, bank failure and business bankruptcies. Throughout history, the Federal Reserve Bank contributes to policy and regulatory oversight while aiming to assure financial institutions, central bank colleagues and the public to have trust and confidence in the Federal Reserve Bank System. The Economic Advisory Council meets twice a year with the Kansas City Federal staff to offer insight on the regional economy.
For more information about the Economic Advisory Council Visit http://www.kansascityfed.org/
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