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The Federal Reserve Bank of Kansas City is located in Kansas City, Missouri, and covers the 10th District of the Federal Reserve, which includes Colorado, Kansas, Nebraska, Oklahoma, Wyoming, and portions of western Missouri and northern New Mexico. It is second only to the Federal Reserve Bank of San Francisco in size
In December 2007, the President's Pay Agent reported that an average locality pay adjustment of 36.89% would be required to reach the target set by FEPCA (to close the computed pay gap between federal and non-federal pay to a disparity of 5%). By comparison, in calendar year 2007, the average locality pay adjustment actually authorized was 16.88%.
A pay scale (also known as a salary structure) is a system that determines how much an employee is to be paid as a wage or salary, based on one or more factors such as the employee's level, rank or status within the employer's organization, the length of time that the employee has been employed, and the difficulty of the specific work performed.
Jeffrey R. Schmid (born 1958/1959) [1] is the President of the Federal Reserve Bank of Kansas City.He assumed office on 21 August 2023, succeeding Esther L. George. [2]He previously served as president of the Southwestern Graduate School of Banking at Southern Methodist University, held unspecified positions within the FDIC, [2] and served as the CEO of Mutual of Omaha Bank.
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The ex-Kansas City Fed chief estimates the Fed will cut rates by 1.25 to 1.5 percentage points before they may pause and take stock of how the level of rates is relative to how the economy is faring.
Hoenig joined the Federal Reserve Bank of Kansas City in 1973 as an economist in the banking supervision area. He was named a vice president in 1981 and senior vice president in 1986. According to Fed salary figures released for 2010, Hoenig earned $374,400 per year, in the mid-range for the twelve regional bank chairs and considerably more ...
The Fed meets 8 times a year to set monetary policy that affects how Americans borrow and save. Here's when its rate-setting committee meets next — plus a recap of past meetings.