The Kansas City Fed and all Federal Reserve Banks will be open and operational on Wednesday, Dec. 24, and Friday, Dec. 26. Federal government agencies will be closed on those dates due to an executive action. Because the Federal Reserve Banks are not government agencies and have critical operational responsibilities, they will remain open and operating. Visit frbservices.org for a full holiday schedule: External Linkhttps://www.frbservices.org/about/holiday-schedules

The views expressed are those of the authors and do not necessarily reflect the positions of the Federal Reserve Bank of Kansas City or the Federal Reserve System.