Federal Reserve Bank of Kansas City
Coverage of Federal Reserve Bank of Kansas City in the Nexus archive.
- Inflation surpassed 4% for the first time since 2023
The U.S. annual inflation rate rose to 4.2% in May, the highest since April 2023, with energy prices surging 23.5% year-over-year. Inflation outpaced wage growth for the second consecutive month, leading to declining real earnings and financial strain on middle-income households. Experts attribute persistent inflation to supply chain disruptions in the Middle East and note a 'bifurcated' consumer spending pattern across income groups.
- Reinvention at the Fed and in Las Vegas
Glenn Hubbard, dean of the Columbia Graduate School of Business, discussed U.S. tax reform and the role of President Trump during an interview at the Jackson Hole economic symposium in Wyoming. The event, sponsored by the Federal Reserve Bank of Kansas City, took place on August 25, 2017.