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Beyond Valuations: Long-Term Financial Risks from the AI Build-Out

The financial risks associated with AI investment extend beyond short-term valuation distortions and may entail significant long-term structural shifts.

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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 06, 2026

Latest Data for the KC Fed Labor Market Conditions Indicators

Find the most recent monthly readings for the level of activity and momentum indicators.

September 25, 2026

B2B Payments: Challenges to Achieving Straight-Through Processing

Electronic business-to-business (B2B) payments have the potential to reduce the manual...

October 08, 2026

KC Fed First Vice President Kim Robbins named Federal Reserve’s chief payments executive

In her new role, Robbins will assume leadership of the Federal Reserve’s portfolio of financial services, including retail, ...

September 30, 2026

The Low-Hire, Low-Fire Labor Market Is Calm but Fragile

The unemployment rate has held steady at just above 4 percent in 2026. However, this low unemployment rate does not mean...

September 22, 2026

Understanding Wyoming’s Economy: Local Realities, Open Spaces and the Kansas City Fed’s Outreach

The Kansas City Fed's recent outreach visit explored Wyoming’s interconnected economy to help inform national policy.

October 09, 2026

Tenth District Energy Activity Continued to Grow in Q3

Third quarter results from the energy survey showed that Tenth District energy activity continued to grow, and six-month expectations remained expansionary.

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Events

Oct

Understanding CDFIs in Kansas City

8:30 a.m. – 10:30 a.m. , CDT 1 Memorial Drive

A look at how Community Development Financial Institutions serving the Kansas City metro area are structured, where they focus their efforts, and how they measure success.

Oct

Educator Workshop - Connecting Dollars and Decisions: Teaching Personal Finance

8:00 a.m. – 5:00 p.m. , MDT 1020 16th Street Mall

Targeted to K-16 grade teachers

Nov

Energy and the Economy: Tail Risks, Tailwinds and Resiliency

7:30 a.m. – 5:15 p.m. , CDT External

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

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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