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Beyond Valuations: Long-Term Financial Risks from the AI Build-Out

The financial risks associated with AI investment extend beyond short-term valuation distortions and may entail significant long-term structural shifts.

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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, "The Strategic Imperative of Instant Payments for Community Banks."

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.

October 06, 2026

Latest Data for the KC Fed Labor Market Conditions Indicators

Find the most recent monthly readings for the level of activity and momentum indicators.

September 25, 2026

B2B Payments: Challenges to Achieving Straight-Through Processing

Electronic business-to-business (B2B) payments have the potential to reduce the manual...

September 18, 2026

Weighing the Wages: Investigating Community College Enrollment Declines

Despite a recent uptick following the COVID-19 pandemic, U.S. community college enrollment rates have fallen sharply since 2010.

September 30, 2026

The Low-Hire, Low-Fire Labor Market Is Calm but Fragile

The unemployment rate has held steady at just above 4 percent in 2026. However, this low unemployment rate does not mean...

September 22, 2026

Understanding Wyoming’s Economy: Local Realities, Open Spaces and the Kansas City Fed’s Outreach

The Kansas City Fed's recent outreach visit explored Wyoming’s interconnected economy to help inform national policy.

September 21, 2026

2026 Jackson Hole Economic Policy Symposium Explores Financial Innovation, Centers Instant Payments

The Federal Reserve Bank of Kansas City’s 49th annual event, “Financial Innovation: Implications for Payments and Policy,” focused on how technological advancements are redefining financial...

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Events

Oct

2026 Kansas City Economic Outlook

8:00 a.m. – 2:00 p.m. , CDT 1 Memorial Drive

In partnership with the Mid-America Regional Council (MARC), the Federal Reserve Bank of Kansas City invites you to join for the Kansas City Economic Outlook Conference. This event will provide business and community leaders in the Kansas City area with timely insights and understanding of current economic conditions, namely those impacting regional and industry growth.

Oct

2026 Banking & Supervision Forum - Kansas City, MO

8:30 a.m. , CDT 1 Memorial Drive

This in-person forum will provide an opportunity for district bankers to join us for a discussion on emerging topics and economic conditions.

Oct

Understanding CDFIs in Kansas City

8:30 a.m. – 10:30 a.m. , CDT 1 Memorial Drive

A look at how Community Development Financial Institutions serving the Kansas City metro area are structured, where they focus their efforts, and how they measure success.

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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