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Is the AI Boom Volatility-Biased Technological Change?

The AI boom is concentrated in the most volatile sectors of the U.S. economy and could keep volatility elevated going forward.

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What we do:

We work in the public’s interest by supporting economic and financial stability.

Jeffrey Schmid
President and Chief Executive Officer

Read his latest speech, "Agriculture, the Economy, and the Kansas City Fed."

Learn More About the Federal Reserve's Mission

The Federal Reserve System is made up of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., make up our nation's central bank.

July 21, 2026

Highlight: Smaller institutions embrace faster payments with FedNow

FedNow adoption accelerates among smaller institutions with opportunity for more...

August 19, 2026

Cautious Careers: Job Mobility Under Incomplete Markets

Without unemployment insurance, workers frequently stay put in safe but...

August 03, 2026

Tenth District takes firsthand look at southeast Oklahoma's tourism boom and business successes

The Kansas City Fed recently traveled to southeast Oklahoma to learn about its tourism surge and hear from area businesses.

July 23, 2026

Tenth District Manufacturing Growth in Activity Remained Steady in July

Tenth District manufacturing growth in activity remained steady, while expectations for future activity rose slightly from...

August 03, 2026

Open Banking: A Critical Piece in the Future of Financial Services

Open banking enables consumers to securely share data from their bank accounts with third-party service providers. By using...

August 05, 2026

High Costs, Uncertainty Will Likely Keep Cattle Inventories Low, Beef Prices Elevated for Some Time

Food-at-home inflation has ticked up in 2026, driven partly by higher beef prices. Beef prices have increased as U.S. consumption of beef has outpaced domestic supply. Despite favorable market...

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Events

Sep

Investment Connection - Colorado 2026

11:30 a.m. – 1:45 p.m. , MDT 1020 16th Street Mall

Presentations on eight new and existing community and economic development proposals from across Colorado will be shared.

Oct

Educator Workshop - Connecting Dollars and Decisions: Teaching Personal Finance

8:00 a.m. – 5:00 p.m. , MDT 1020 16th Street Mall

Targeted to K-16 grade teachers

Nov

Energy and the Economy: Tail Risks, Tailwinds and Resiliency

7:00 a.m. – 5:00 p.m. , CDT External

The Federal Reserve Banks of Dallas and Kansas City will host their 11th joint energy conference on November 10 in Houston.

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About the Kansas City Fed

The Federal Reserve Bank of Kansas City is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., make up our nation's central bank.

Our Mission