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Has the Investment Boom Expanded U.S. Productive Capacity?

Productive capacity has expanded almost entirely in one narrow segment: the industries that make computers, communications equipment, and semiconductors.

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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 13, 2026

Payday Lending Laws and Spillovers Across Consumer Finance

Prohibiting payday lending can reduce complaints to the Consumer Financial Protection...

October 23, 2026

Scenic Tourism in Rural America Presents Miles of Economic Opportunity

Published by the Kansas City Fed in early 2026, The Byways Report shows how Americans’...

October 30, 2026

B2B Payments: How Instant Payments May Facilitate Straight-Through Processing for Businesses

Compared with other payment methods, instant payments have unique or enhanced features, including “request for payment,”...

October 15, 2026

Financially Distressed Consumers May Have Turned to High-Cost Credit to Cope with Inflation

Many U.S. consumers, especially those who are financially distressed, have used various strategies to cope with rising prices...

November 04, 2026

New Rural Labor Indicators Highlight Key Differences in Farming-Concentrated Counties

The Kansas City Fed’s Center for Agriculture and the Economy has released new Rural Labor Indicators (RLI) that compare labor...

November 05, 2026

Downstream Bottlenecks in Oil Supply Chain Contributing to High Refinery Margins, Fuel Prices

Ongoing global energy supply shocks are causing disruptions throughout the oil supply chain. These shocks, combined with depleted petroleum inventories, are creating tight market conditions and...

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Events

Nov

Energy and the Economy: Tail Risks, Tailwinds and Resiliency

7:30 a.m. – 5:15 p.m. , CST External

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

Nov

Balancing the Stack: Affordable Housing Finance Forum

Multi-day event, November 12 – 13 1 Memorial Drive

Join the Federal Reserve Bank of Kansas City for a two-day forum exploring innovative strategies in affordable housing finance.

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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