In the past, home sales have recovered modestly following recessions. The most recent financial crisis—and the aftermath of regulatory reform—however, have made the recent housing recovery more difficult.
Some economists say healthcare reform could increase the self-employment rate because it breaks the link between paid-employment and health coverage by introducing new avenues to purchase insurance.
Many consider Jo Zach Miller, Jr., to be the first president of the Federal Reserve Bank of Kansas City; however, Charles Manville Sawyer was president when the Bank opened for business Nov. 16, 1914.
While the health of community banks has recovered significantly since the financial crisis, commentary from bankers and industry analysts suggest they are still struggling.
The Federal Reserve’s founders understood that the long-term success and credibility of the institution would rely on its ability to gain support outside the Washington-New York corridor of political and financial interests.
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.
Slowing population growth and the retirement of baby boomers could significantly dampen growth of single-family construction and boost long-term growth in multifamily housing.