Renovation of forlorn urban properties can present fresh opportunities for many communities, but one large obstacle is finding capital to finance this transformation. Some communities are addressing this problem by creating loan pools.
Robert Latham Owen sponsored the Federal Reserve Act that President Woodrow Wilson signed into law one hundred years ago this December. Owen’s bill authorized the creation of the Federal Reserve System, the United States’ first central bank in more than 75 years.
There has been a sharp rise in the number of people who indicate they want a job, but are not actively seeking one. These individuals are not considered unemployed and are not counted in the unemployment rate. Economists refer to this group as the shadow labor supply.
Although many Americans have seen financial gains and many have gone back to work since the recovery began in 2009, low- and moderate-income individuals (LMI) and families face many economic obstacles.
In response to the tornado disaster, Oklahoma’s State Banking Commissioner worked with the Federal Reserve Bank of Kansas City, the state Insurance Commissioner and local banks to meet the needs of Moore residents quickly.
Discover, American Express, Visa and MasterCard recently announced plans to switch to EMV-compliant, computer-chip payment cards starting in 2015. Less than 1 percent of the cards issued in the United States today, however, use embedded micro-chip technology, even though supporters say it’s less susceptible to fraud than magnetic-stripe cards.
Export growth is an important source of aggregate growth in the U.S. economy. Indeed the importance of exports in contributing to U.S. economic growth has increased steadily over the past three decades, with exports nearly doubling as a share of gross domestic product.
More than 200 people attended the Kansas City Fed’s 2013 Agricultural Symposium. The event featured several keynote speakers and discussion panels on topics that ranged from investing in agricultural infrastructure to profiting in a new policy landscape.
In the midst of volumes of new rules and considerable change in the Fed's supervision program, Kansas City Fed President Esther George addresses whether the Fed is "on the right path?"
Most students don’t think about the money they borrow for college until they get the bill. And the bills are piling up. Estimates show that outstanding student loan debt in the United States has reached $1 trillion.
The labor force in the United States has shifted from middle-skill occupations to high-skill and low-skill occupations over the past three decades. Economists call this shift in the composition of occupations “job polarization.”
State and local officials have sought to stabilize local economies by diversifying the mix of industries in their regions. Economic theory predicts that industrial diversity can reduce economic volatility; however, views vary on the effects industrial diversity has on long-term growth.
The Office of Minority and Women Inclusion (OMWI), established in late 2010 as a result of the Dodd-Frank Act, continues a long tradition of diversity at the Kansas City Fed.
In his recent research, Kansas City Fed economist Jordan Rappaport says the correlation between jobs growth and unemployment declines is not necessarily true for all metropolitan areas.
Person-to-person payments developed from the simple market principle of supply and demand. Although consumers prefer some new methods of person-to-person payments, the check remains a relevant method in the United States.
With a large swath of the Great Plains and Mountain States falling within the borders of the Tenth Federal Reserve District, the Kansas City Fed has emerged as a leading resource of agriculture-related economic research.