{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Ask A Kansan","title":"Banking on Kansas with Jeremy Hill","html":"","width":"100%","height":180,"duration":2490,"description":"What if the Federal Reserve wasn't just a boring government agency setting monetary policy, but a mission-driven storyteller trying to make sense of your household budget? On this episode, Julie and Sydney sit down with Jeremy Hill, regional executive for the Kansas City Federal Reserve, to unpack what the Fed actually does, why manufacturing is quietly booming across Kansas, and how inflation is hitting some households harder than others. Jeremy breaks down the Fed's three core functions, explains the K-shaped economy squeezing lower and middle-income families, and shares surprising stories from the Kansas City Fed's money museum, the shredded-cash vault, and the fly-fishing origins of the Jackson Hole Economic Symposium. Plus, stick around for a fun round of Kansas Penny Pinchers, where Sydney and Julie swap money-saving confessions.\nHighlights\nThe Federal Reserve has three main functions: monetary policy, bank supervision/regulation, and managing how cash physically moves through the economy.The K-shaped economy is splitting households into two groups — some doing better every year, others falling further behind due to inflation eating into fixed costs like rent, insurance, and car payments.Kansas's GDP is currently growing faster than the national average, driven largely by a manufacturing boom (aerospace, machinery, fabricated metals).Agriculture and energy sectors in Kansas are struggling, while manufacturing is picking up steam and creating wage pressure as firms compete for labor.The Kansas City Fed operates a free, public money museum where visitors can see the history of currency and even watch cash being shredded.The Jackson Hole Economic Symposium, which draws central bank leaders from around the world, originated because a former Fed chair loved fly-fishing in Wyoming.The Fed is a semi-private organization with a public mission — it doesn't receive funding from Congress and instead earns revenue through banking services and its asset holdings.Jeremy...","thumbnail_url":"https://img.transistorcdn.com/31uDhQmE-73zaqpWjXtwnyYffNMsUnDPiL6GtjTddEQ/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9mNzBm/YzFkNDBkODVjNGM2/MzMwMGViYjhmZTY4/Nzc0Mi5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}