Nate Kauffman, Omaha Branch Executive of the Federal Reserve Bank of Kansas City, joins hosts Todd Kuethe and Chad Fiechter in this episode of the Purdue Commercial AgCast. Kauffman explains the structure and function of the Federal Reserve System, including the roles of the Board of Governors, the 12 regional reserve banks, and their respective branch offices, and shares how monetary policy is set and the importance of regional input in policy decisions. Kauffman highlights his role in representing Nebraska and the agricultural sector, ensuring their unique economic conditions are considered in national policy discussions. The episode also touches on the use of data and industry interaction in formulating economic insights. Additionally, Kauffman shares anecdotes and practical experiences, emphasizing the Fed’s commitment to transparency and public engagement.

Podcast provided by Purdue University's Center for Commercial Agriculture. For more farm management information and insights, visit us at http://purdue.edu/commercialag.