Federal Reserve Bank of Kansas City

Thomas M. Hoenig, President, Federal Reserve Bank of Kansas City

Speeches by President Thomas M. Hoenig:
Capitalism and the Process of Renewal (June 30, 2009)

An Economy at Risk: The Tough Decisions Ahead (June 3, 2009)

The Future of Retail Banking and Payments--Developments in Global Markets: The Role of Central Banks (May 25, 2009)

Crisis Management and the Long Run (May 4, 2009)

Testimony before the Joint Economic Committee of the U.S. Congress (April 21, 2009)

Written Statement to the Joint Economic Committee of the U.S. Congress (April 21, 2009)

Innovative Responses to the Financial Crisis (April 17, 2009)

Success Depends on Failure (April 9, 2009), Materials referenced in the speech (Revised, April 28, 2009)

Crisis: Reaction and Resolution (April 2, 2009)

Too Big Has Failed (March 6, 2009)

Recent Speeches

Biographies

Economic News
	Agricultural Credit Survey
	Beige Book
	FOMC Announcements
	Interest Rates
	Manufacturing Survey
	Subprime Loan Reports

Ben S. Bernanke, Chairman Offsite Link

Ben S. Bernanke, Chairman, Board of Governors of the Federal Reserve System

Testimony by Chairman Ben S. Bernanke,
Acquisition of Merrill Lynch by Bank of America, before the Committee on Oversight and Government Reform, U.S. House of Representatives, Washington, D.C. June 25, 2009

Top News

The Balance of Power: The Political Fight for an Independent Central Bank
	Questions are often asked about the role and relationships between the political elements of the Federal Reserve and its independence. This volume was created to provide an overview on the history of those issues.

Second Quarter Economic Review

In the second quarter Economic Review, explore who will bear the burden of taxes as states reevaluate their current tax policy; look at why the foreclosure crisis is seeping into higher-income neighborhoods; learn about a new index of financial stresses, the Kansas City Financial Stress Index, and how its components capture key aspects of financial stress; and look at job growth trends across the 12 districts of the Federal Reserve System and which districts regularly outperform others. (July 3, 2009)

Manufacturing Survey
Tenth District manufacturing activity showed signs of a rebound in June, and firms' expectations for future factory activity were generally positive. (June 25, 2009)

FOMC Statement
Information received since the Federal Open Market Committee met in April suggests that the pace of economic contraction is slowing. (June 24, 2009)

Monitoring Credit Conditions in Rural America
	A steep recession and financial meltdown have led to tight credit markets in rural America. The latest issue of the Main Street Economist explores how credit conditions are evolving for rural business owners. (June 22, 2009)

Research Working Paper: Reply to "Generalizing the Taylor Principle: A Comment"
"Generalizing the Taylor Principle: A Comment," discusses issues surrounding the long-run Taylor principle - the idea that monetary policy anchors inflation expectations by responding aggressively to inflation on average. (June 8, 2009)

Research Working Paper: Real-Time Density Forecasts from VARs with Stochastic Volatility
Accounting for shifts in the sizes of shocks in common statistical models of the economy significantly improves forecasts from the models. (June 8, 2009)

Federal Reserve System News

Federal Reserve announces results of auction of $150 billion in 28-day credit held on June 29, 2009
Additional information about the Term Auction Facility. (June 30, 2009)

Troubled Asset Relief Program (TARP)
Find out where the Troubled Asset Relief Program (TARP) funds have been distributed nationwide. This information is provided by the U.S. Treasury and compiled by The Wall Street Journal.