Economic Bulletin
Recent Bulletins
A New U.S. Productivity Chapter? What Industry Data Say About AI
AI adoption aligns with faster productivity growth across industries but has yet to explain the aggregate gain in productivity.
Inflation Persistence as an Outcome of Monetary Policy
A muted monetary policy response may explain inflation persistence during 2021–22.
Introducing New Monthly Estimates of the Natural Rate of Interest and Natural Unemployment Rate
The Kansas City Fed’s measures of r* and u* provide more timely data on labor market tightness and the stance of monetary policy.
Who Uses AI for Pricing?
Larger firms are more likely to use AI to set prices, and firms that have adopted AI have grown larger and more profitable.
Higher Tariffs Might Have Created Headwinds to Employment Growth in 2025
Tariffs might have reduced employment growth in 2025.
Higher Treasury Supply Is Likely to Put Upward Pressure on Interest Rates
U.S. government debt has grown over time, expanding the supply of Treasuries and putting upward pressure on interest rates.
Permissions
Economic Bulletins may be reprinted if the source is credited and the Public Affairs Department of the Federal Reserve Bank of Kansas City is provided with copies. Permission to photocopy is unrestricted.