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The Federal Reserve Bank of Kansas City launched a new website on February 28, with the aim of streamlining its communications.
In a statement, the central bank branch said the redesign would provide users with “easier functionality” and better navigation to information and resources. The website receives roughly one million page views a year.
“The new digital experience will provide visitors with a better understanding of how the Kansas City Fed is serving their community and the nation,” the
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Ann Saphir/Reuters
A quick recovery among the US s hardest-hit businesses could drive a faster-than-expected rebound for inflation, Esther George, president of the Federal Reserve Bank of Kansas City, said Tuesday.
The Fed aims to reach inflation of at least 2% before considering lifting its benchmark interest rate, but price growth has trended below that level for years and fell further at the start of the pandemic.
Struggling industries like travel and hospitality could be placing outsized downward pressure on inflation, George said. Inflation could approach the Committee s average inflation objective more quickly than some might expect, if vaccination and stimulus can swiftly revive these beleaguered sectors, she added in prepared remarks.
The COVID-19 pandemic brought some unique dynamics to Oklahoma’s housing sector, notably driving strong demand for stock as many residents spend more time in