Kansas City Fed Names Veteran Banker Schmid as President

The transcript discusses the appointment of Jeffrey Schmidt as the new head of the Kansas City Fed, highlighting his extensive banking background. Schmidt will assume office shortly before the Kansas City Fed's Economic Symposium in Jackson Hole, where his views on economic policy will be anticipated. Although not an economist, Schmidt's future role as a voting member of the FOMC in 2025 is noted, with uncertainty about his policy leanings. The transcript also mentions a vacancy at the Saint Louis Fed following Jim Bullard's resignation.

Who has been announced as the new head of the Kansas City Fed?

• Jeffrey Schmidt

• Jim Bullard

• American National Bank

• Katie Romain

What is Jeffrey Schmidt's professional background?

• Economist

• Investment Banker

• Bank Examiner

• Financial Analyst

When will Jeffrey Schmidt take office at the Kansas City Fed?

• August 25th

• August 21st

• August 18th

• August 30th

What is the significance of the Kansas City Fed's Economic Symposium in Jackson Hole for Jeffrey Schmidt?

• It marks his first public appearance as head of the Kansas City Fed.

• He will announce new monetary policies.

• He will step down from his position.

• He will be a voting member in 2025.

What recent change occurred at the Saint Louis Fed?

• The Fed increased interest rates.

• A new economic policy was introduced.

• Jim Bullard announced his resignation.

• A new head was appointed.