Skip to content

Voices of the Fed

Voices of the Fed wordmark

Every day, vital conversations happen all around the Eighth Federal Reserve District. Businesspeople, educators, farmers, job-seekers, homeowners, civic leaders and more have important things to say about the economy. The St. Louis Fed is listening.

Here, current and former St. Louis Fed directors share their perspectives on how the organization amplifies the voice of Main Street — serving as an active partner in communities big and small.


Robert Martinez (Featured) | Kathy Mazzarella | Jim McKelvey | Sadiqa Reynolds | Ray Dillon | Brice Fletcher

Blog Posts:

Steven Lipstein | Susan S. Elliott | Bob Jones

Featured Video

Robert Martinez: Owner and Operator, Rancho La Esperanza

RUN TIME: 1:41

Robert Martinez owns and operates a livestock production business in Sevier County, Arkansas. He is a former director of the Fed’s Little Rock branch board. When asked about board meetings, he says a diverse group of leaders acts as “the eyes and ears” so that monetary policymakers have “information from every corner of the United States.”

Additional Videos

Kathy Mazzarella: Chairman, President and CEO of Graybar

RUN TIME: 1:07

Kathy Mazzarella chairs the St. Louis Fed’s board of directors and is chairman, president and CEO of St. Louis-based Graybar. “Our responsibility on the board is to share the input from not only our industries, but from our communities,” she says.

Learn more about the board of directors

Jim McKelvey: Founder and CEO, Invisibly; Co-founder of Square, Third Degree Glass Factory, Cultivation Capital and LaunchCode

RUN TIME: 0:57

Jim McKelvey is the founder and CEO of Invisibly. He also co-founded Square, Third Degree Glass Factory, Cultivation Capital and LaunchCode. Now a member of the St. Louis Fed’s board of directors, he says, “The biggest misconception that I had when I came into the Fed was that it was more focused on Washington and Wall Street.” In fact, he says, the Fed does work that impacts everyday people.

Sadiqa Reynolds: President and CEO, Louisville Urban League

RUN TIME: 1:12

Sadiqa Reynolds is president and CEO of the Louisville Urban League, an organization focused on changing community outcomes. As a member of the Fed's Louisville Branch board of directors, she values the opportunity to help economic experts see how the Fed’s work can move the needle for the disenfranchised and disadvantaged.

See our Community Development focus

Ray Dillon: Former CEO, Deltic Timber

RUN TIME: 1:08

Ray Dillon is the former chairman of the Fed's Little Rock Branch board of directors and former CEO of Arkansas-based Deltic Timber Corp. He now serves on the St. Louis Fed’s real estate council, one of four industry-based advisory councils. Dillon respects how much attention is paid to gathering accurate data — “real data from the grassroots level of this country” — to help form monetary policy.

Learn more about our industry councils

Brice Fletcher: Chairman, First National Bank of Eastern Arkansas

RUN TIME: 1:12

Rural communities matter to Brice Fletcher, the chairman of First National Bank of Eastern Arkansas. He brings the perspective of small-town America and agricultural areas to the Fed's Memphis Branch board of directors. “I think they need a voice,” he says. “It’s rewarding to be able to take their stories to the Fed.”

Blog Posts

These are part of a recurring series on our On The Economy blog, featuring perspectives from former St. Louis Fed directors.

  • Steven Lipstein, Former CEO, BJC HealthCare

    Steven Lipstein

    Steven Lipstein

    Originally published March 13, 2018

    Lipstein recently retired from BJC HealthCare, the St. Louis region's largest employer. He held several positions on the St. Louis Fed's board of directors, including board chair from 2009 to 2011. Lipstein said serving on the board was "a unique privilege" and discussed the importance of the Fed maintaining independence from political considerations.

    Read "Reflections of a Former St. Louis Fed Director: Steven Lipstein"

  • Susan S. Elliott: Founder and Chairman, Systems Service Enterprises

    Susan S. Elliott

    Susan S. Elliott

    Originally published June 8, 2017

    Elliott founded the information technology company Systems Service Enterprises, Inc. (SSE). She served as a St. Louis Fed director from 1996 to 2000 and was the board's first female board chair. Elliott recalled her time with the Fed as "one of the most rewarding opportunities" of her career.

    Read "Reflections of a Former St. Louis Fed Director: Susan S. Elliott"

  • Bob Jones: Chairman and CEO, Old National Bancorp

    Bob Jones

    Bob Jones

    Originally published March 9, 2017

    Jones served as a director from 2008 to 2013. As chairman and CEO of Old National Bancorp — a community bank headquartered on Main Street in Evansville, Ind. — Jones shared how he was able to gather insights from Main Street America and bring these to the Federal Reserve Bank.

    Read "Reflections of a Former St. Louis Fed Director: Bob Jones