Kansas Municipal News
A 4-year mayor and 6 Lawrence city commissioner districts among task force’s recommendations
The people of Lawrence should directly elect a mayor to serve a four-year term and six city commissioners broken down by districts, according to the city government study task force. The task force members voted Thursday evening to finalize their draft report, and they’ll present it to the Lawrence City Commission on a date yet to be determined. The short-term task force has met seven times over the past few months. Members have researched Lawrence’s form of municipal government and weighed it against other possible options. Currently, the mayor and vice mayor positions rotate each year to the commissioners who receive the most votes in elections. But the task force agreed that a four-year term for mayor would provide greater focus and continuity.
Source: The Lawrence Times
Wichita leaders go back to the drawing board for parts of the east-bank plan, but a vision remains
A years-long effort culminating in the creation of a Riverfront Legacy Master Plan was paused in an instant a year ago. Until a joint meeting among City Council members and Sedgwick County commissioners was canceled last March due to new gathering restrictions, the plan to transform the east bank of the Arkansas River had gathered considerable momentum. Since then, the world has changed, and some Wichitans argue now is not the time to move forward with a $1.2-billion project that’s expected to be funded at least partially by public tax dollars. But with the rollout of a Covid-19 vaccine and case numbers on the decline, backers of the plan say they are ready to examine which parts of the Riverfront Legacy Master Plan should be reconsidered in a post-Covid world, and which parts are still necessary. For now, the public-private coalition behind the plan has hired four outside firms to study the pandemic’s impact and help shape a new draft.
Source: Wichita Business Journal
Wyandotte County opts to let mask mandate expire after midnight
For the first time in over a year, by Friday there will be no mask mandates anywhere in the Kansas City area. Wyandotte County leaders have decided Thursday night to let the current health order requiring face masks expire. The order expires at 11:59 p.m. Thursday. Wyandotte County was the only county in the Kansas City area — and the only county in the state of Kansas — to have a mask mandate after Douglas County also decided earlier this week to let its mask order expire. County commissioners are still urging people to get vaccinated and follow guidelines from the Centers for Disease Control and Prevention to prevent the spread of COVID-19.
Source: fox4kc.com | FOX 4 – WDAF
Tornado wipes away historic schoolhouse in northwest Kansas
Kansas communities are recovering after multiple thunderstorms and tornado warnings from Wednesday. One tornado did a lot of damage in Rawlins County, and it destroyed a historic schoolhouse. “That structure was actually built in 1898,” said Gary Kasten while talking about the historic schoolhouse. Kasten and his family own the land the Walsh schoolhouse sat on. His sister, June Hesterman, said it was one of two one-room schoolhouses that were left standing in the county. Back in 2014, the family refurbished the schoolhouse, but Wednesday’s tornado wiped away their countless hours of work. “That building is gone, it was removed from the foundation, and we hauled the remnants (Thursday),” Kastens said. “It’s pretty devastating, the power of a tornado is just unbelievable to me.”
Source: KSNT News
Municipal Bond Trends for May 27, 2021

The interest rate table above illustrates recent changes in a sample of MBIS “investment grade” yields. Every issuer’s credit is different. For rates that may be applicable to your municipality, contact our Municipal Bond Advisors, Larry Kleeman and Beth Warren.
Kansas is considering a lottery for people who are vaccinated against COVID-19
A chance to win a $1 million prize has helped boost Ohio’s COVID-19 vaccination rate by 45%, Gov. Mike DeWine said Wednesday. An now, Kansas is considering a similar incentive for residents to get the shot. Dr. Lee Norman with the KDHE said Thursday that Kansas is looking at some type of lottery open to vaccinated people. People who are already vaccinated would be eligible.He also warned that while the state legislature is looking to terminate the emergency declaration, it doesn’t mean the emergency is done.
Source: KAKE – News
Larned’s water tower light project in full swing
Since the Larned Water Tower lost its Christmas lights some years back, due to painting and restoring of the tank, the citizenry has not been happy. Alumni returning home for Christmas have missed the crown on the nostalgic Christmas tower. And ever since, there has been a move to restore the lights. Earlier this month the Larned City Council recommended proceeding with lighting plans for the water tower to replicate the crown as in the past. The attitude has been, “We will have Christmas lights on the tower again,” and the word spread quickly.
Source: Great Bend Tribune
Lenexa considers what to do with 55 acres of land near Black Hoof Park — here are some options
Some city-owned woodland in Lenexa is back on the radar as city leaders and staff think of expanding Black Hoof Park. Back in 2007, the city bought roughly 55 acres just north of the 135-acre park and Lake Lenexa, which sits northeast of the junction between Kansas Highways 7 and 10. On Tuesday, the Lenexa City Council briefly discussed with city staff the options for uses for that property, including an option to dedicate the site as additional parkland and an expansion of Black Hoof Park.
Source: Shawnee Mission Post
Topgolf will build $25.8M facility at K-96, Greenwich in joint venture with BigShots
After it was initially expected to build its first Wichita location at 13th and Greenwich, Topgolf is now headed to K-96 and Greenwich, city staff says, and it will be a joint venture with BigShots, the similar but smaller golf driving range concept it was originally going to compete against in the Wichita market. “For us, we’re just pleased to have a good golf amenity,” Scot Rigby, assistant city manager, told the WBJ on Thursday. According to city documents, the new project headed to the southeast corner of 29th and Greenwich — just north of Greenwich Place Shopping Center — will be a two-story, $25.8-million Topgolf facility with 50 interactive golf bays that will be open by March 2023.
Source: Wichita Business Journal
Committee will consider allowing e-bikes on Shawnee County trails, but e-scooters may have a tougher road ahead
Terri Bond used to be an avid biker, but now she finds herself using electric bikes more often. Bond even calls her e-bike her “magic carpet ride.” “It made us get out and enjoy the fresh air, take on the trails,” she said. Bond and multiple other e-bike users spoke in support of the bikes and their ability to expand access to less able-bodied riders. The bike’s potential for increased accessibility to the park system was supported by some members of the Parks and Recreation Advisory Board. “Our trails are intended to make parts of our community and nature in our community accessible to the widest audience possible,” said advisory board member Laura Burton at Tuesday evening’s meeting. “Anything that makes it more accessible for people to get on our trails and enjoy our trail system, I think we really need to consider.”
Source: CJonline.com.
Reno County Commission agrees to discuss expansion
The Reno County Commission agreed Tuesday to begin discussions on whether to put a question on the November ballot about expanding the county commission from three members to five. Commissioner Daniel Friesen, frustrated by his inability to discuss issues outside of county commission meeting with another member, suggested “engaging in a conversation” about such an expansion. Under Kansas Open Meeting laws, a majority of a quorum of a public body cannot discuss business outside of a meeting. With only three members on the commission, two members make up a majority of a quorum, which means no outside discussions. With a five-member commission, it would allow discussions between two members outside a meeting, although, noted Commission Chairman Ron Hirst, a commissioner could not have the same discussion with more than one member, even if at a separate time, because that would violate the law.
Source: Hutch News.
Municipal Bond Trends for May 26, 2021

The interest rate table above illustrates recent changes in a sample of MBIS “investment grade” yields. Every issuer’s credit is different. For rates that may be applicable to your municipality, contact our Municipal Bond Advisors, Larry Kleeman and Beth Warren.
Proposal would provide identification cards to homeless persons in KCK
A program that would provide identification cards to homeless persons in the community was discussed Monday by Kansas City, Kansas, Police Department officials. Deputy Chief Pam Waldeck with several police officials described the program, which is modeled on one currently in operation in Topeka, Kansas. The police outreach team, in coordination with Cross-Lines Community outreach, identified a need, the difficulty that unsheltered people here have in getting identification cards, according to police officials. Under the proposed program, identification cards would be issued by the Police Department and would be valid for one year. Police would verify the identity of persons applying for the cards.
Source: Wyandotte Daily
Wichita City Hall minimum wage may come up to $15; state law prohibits citywide hike
Wichita City Hall appears to be moving toward a $15 minimum wage, but it would be for city employees only because the state bans local governments from setting minimum pay for anyone else. Kansas was one of the last states in America to match the federal minimum, starting in 2009, and had the nation’s lowest minimum wage for years. It will be a while before the City Hall salary structure could be changed to accommodate a $15 minimum, but after a Wednesday budget workshop where most council members expressed support for the concept, City Manager Robert Layton said he won’t hire anyone at less than that while the policy issues get worked through.
Source: Local News | Wichita Eagle
Governor Announces $42 Million Investment to Support 30 Transportation Projects Statewide
Governor Laura Kelly and Transportation Secretary Julie Lorenz today announced that more than $42 million will support 30 transportation construction projects across Kansas through an expanded list of recipients of the Kansas Department of Transportation’s Cost Share Program for Spring 2021. Cost Share is a component of the Kelly administration’s 10-year, bipartisan Eisenhower Legacy Transportation Program, or IKE. Cost Share is designed to help both rural and urban areas advance transportation projects to improve safety, support job retention and growth, relieve congestion and improve access and mobility. … KDOT is investing $21 million in this cycle of Cost Share with recipients contributing a 50/50 match of $21 million.
The entire list of all 30 IKE Cost Share projects announced today available here.
$43.6 million museum could be coming to Manhattan
Local developers are proposing constructing a $43,600,000 “Manhattan Museum of Art and Light” near the Flint Hills Discovery Center in Manhattan. The project, still in the early stages of design, will be paid for using STAR Bonds, a program through the Kansas Department of Commerce meant to pay for major tourism development projects in the state. Construction on the project is months away according to Jason Hilgers, Deputy City Manager with the City of Manhattan.
Source: KSNT News
Marshall County to receive $1.85 million
Marshall County is seeking a $1.85 million grant through the American Rescue Plan. The federal money is available for pandemic-related expenses and infrastructure projects. This would be the second round of a large influx of aid to the county. On Monday, county commissioners took action to apply for the funds by appointing deputy emergency management director Leslie Jeter as the county’s contact for the grant’s administration. The decision was made after commissioners met with Jeter, emergency management director Bill Schwindamann and County Treasurer Jami Ellenbecker.
Source: The Marysville Advocate
Lawrence leaders see police study and recommendations as first step in improvements to policing
City leaders said Tuesday that they saw the recently completed study of the Lawrence Police Department as a first step in a larger process to reconsider the role of police in the community and how the department operates. As part of a special meeting Tuesday, consultants with Citygate Associates presented the findings of the police department study to the City Commission and the public. The commission called for the study and subsequent report last year following national and local protests against police killings of Black people and other people of color and calls for reallocation of some police duties to social services. The subsequent 132-page report includes 60 findings and 75 recommendations across various categories, including race-related issues and community engagement, handling of complaints against police, and alternative responses to policing such as mental health responses. City staff will now take the next 90 days to create an implementation plan that will come back to the commission.
Source: LJWorld.com.
One year after pandemic began, sales tax collections surge to new highs both in Lawrence and statewide
While we haven’t yet been able to rip off those masks, there are new signs that Lawrence’s economy has become unshackled from pandemic-era restrictions. In fact, one set of numbers shows retail spending is now well above pre-pandemic levels. The Kansas Department of Revenue has released its May report on sales tax activity across the state. While the report is labeled as being for May, most of the numbers actually represent sales made in March. That makes it an especially interesting report. If you remember, March 2020 is when things became a little wobbly. (When your head starts spinning faster than the Earth, wobbliness is a side effect.) That was the first month the pandemic started having major economic impacts in Lawrence. So, that means this latest report from the state is the first time we can look at how Lawrence’s retail economy is doing today compared to how it was doing a year ago when we were mired in the pandemic.
Source: LJWorld.com.
Selden residents assess damage after tornado hits town
A tornado blew through the town of Selden on Monday. Crews have been assessing the damage, which includes large trees that broke through roofs, windows and cars. While taking shelter, homeowners said the tornado sounded like ‘loud blasts’ flying past their homes. “Thankfully, it didn’t last long, but it lasted long enough,” said Loran Sulzman, a homeowner in Selden. Sulzman has lived in Selden his whole life, and owns the house he grew up in. Heading downstairs to take shelter during the storm, he did not realize the house, which held so many memories, would be in shambles by the time he came back up. The roof of his home had collapsed in and the walls were bent.
Source: KSN-TV
Sheridan County firefighters face the danger of tornadoes head-on; 1 rushes in when Selden’s siren fails
Sheridan County Fire Training Chief Steve Hirsch is no stranger to the aftermath of a tornado. Back in 2007, he helped with the response to the deadly Greensburg tornado. “Our state association does training for fire departments across the state, and we actually happened to be in Lakin that night,” he said. “So we drove over to Greensburg, got there about midnight. And you know, just complete utter devastation over there.” When he responded Monday night to the aftermath of the tornado in Selden, he was prepared for the worst.
Source: KSN-TV
Waterville Fire Department rescues family’s pets from house fire
In the small town of Waterville, you are likely to see trucks on their way to somewhere else. Stop by and you will find a local volunteer fire department with the biggest hearts around. On Sunday, the department responded to a house with a fire in the basement. The department was able to put out the fire and everyone inside made it out fine, but the department went the extra mile to save the family’s three cats and one dog. “They end up locating the cats. I think the first one that Aaron located was they call her Wilma and brought her out. She didn’t look very good, she wasn’t in very good shape. She looked like she was under a lot of stress,” said Waterville Firefighter Mike Vermetten.
Source: KSNT News
Disc golf, food and booze: Wichita commercializes part of abandoned city golf course
Wichita City Hall took the first step Tuesday toward commercializing the park space formerly known as Clapp Golf Course, leasing the clubhouse for a disc-golf store that will also have city permission to sell food and booze. The $300-a-month, no-bid contract will allow disc-golf professional Christopher Dendurent, owner of Duck’s Flying Discs, to set up shop in the currently vacant building at the southwest corner of Harry and Oliver. The grounds have primarily been used for disc sports since the city halted golf operations there in August 2019. Park and Recreation Director Troy Houtman presented the contract to the Wichita City Council as a first step toward a master plan for the 95-acre site that will be a mix of private and public uses.
Source: Local News | Wichita Eagle
This new Oskaloosa solar farm could power over 100 homes
FreeState Electric Cooperative is taking a big step into the world of solar energy. The Eastern Kansas co-op has partnered with another company to open a solar energy farm just south of Oskaloosa. The new farm has 3,500 solar energy panels that create enough energy to power 170 homes. CEO Steve Foss said the panels will help customers by producing more energy during the summer.
Source: KSNT News
New budget law creates headaches
“That’s going to be a big concern,” County Clerk Donna Zimmerman said. “It is going to be a big deal.” In a nutshell, SB 13 prohibits all taxing entities from increasing their tax collections by more than they did the year previous. This means, if an entity’s valuation (the total value of all property) goes up, the mill rate would have to go down to collect the same amount of taxes. In addition, it establishes a requirement of notices to taxpayers and public hearing for municipalities seeking to collect property taxes exceeding their revenue-neutral rate. This supplants the property tax lid put in place by the legislature in 2016. This, among other things, imposed a restriction on the amount that municipal property tax levies could rise.
Source: Great Bend Tribune
Volunteer firefighter warned Selden residents of coming tornado
There was one report of a minor injury and that individual is being called a hero. Capt. Matt Goscha works for the Selden Volunteer Fire Department. When the tornado got close, Selden lost power and couldn’t start the sirens. Goscha hopped in a truck and drove around, street by street, with a siren telling people to take shelter. When the twister hit, he was right in the middle of it. Debris broke the windows in his truck and an electrical line hit him in the back of the neck.
Source: KAKE – News
Goessel mayor stepping aside for newer, younger leadership, has hopes for city overcoming challenges
After years of service, Mayor Dave Schrag will be stepping down from his post as Mayor of Goessel. Schrag has served two separate stints as Mayor, from 1993 to 1999 and 2014 to 2021. Schrag said he was motivated to join city government on a write-in campaign the first time he took a leadership role. “The city streets were in bad shape, and the Council didn’t want to let go of the money to fix them, but it was in the budget. That was the main thing that got me going,” he said. During his tenure as Mayor, Schrag was not afraid to roll up his sleeves, frequently assisting city employees with physical labor and repairs to city equipment.
Source: Hillsboro Free Press
66 years ago today Kansas was hit by its deadliest tornado
Sixty-six years ago today, May 25, 1955, a tornado struck Udall, Kansas. It would be the deadliest tornado ever to hit the state. An F-5 tornado hit the town of Udall, killing 80 and injuring more than 200. The region had endured three days of storms, one of which hit Oklahoma, killing 20. But, at 10:30 p.m., a tornado hit Udall, becoming the deadliest storm in Kansas history.
Source: KSN-TV
Municipal Bond Trends for May 25, 2021

The interest rate table above illustrates recent changes in a sample of MBIS “investment grade” yields. Every issuer’s credit is different. For rates that may be applicable to your municipality, contact our Municipal Bond Advisors, Larry Kleeman and Beth Warren.
Treasury yields fall as inflation fears ease
U.S. Treasury yields fell on Tuesday morning, following recent comments from Federal Reserve officials, allaying fears around inflation. The yield on the benchmark 10-year Treasury note fell to 1.591% at 4:20 a.m. ET. The yield on the 30-year Treasury bond dipped to 2.283%. Fed Vice Chair for Supervision Randal Quarles is due to speak before the U.S. Senate Committee on Banking, Housing and Urban Affairs at 10 a.m. ET on Tuesday.
Source: CNBC – Bonds
Tornado touchdown in northwest Kansas
The Sheridan County Emergency Management confirmed a tornado touched ground in the town of Selden Monday around 6:30 p.m. The emergency manager reported buildings and trees down, homes damaged, an overturned semi and possibly one injury. There has also been a train overturned and a silo destroyed. “We have reports of injury crashes from semi-trucks that were blown over. We also have a train that is blown over,” said Kansas Highway Patrol Trooper Tod Hileman. “We are checking on the residents of Selden to make sure that they are okay and the surrounding area.”
Source: KSNT News
Municipal Bond Trends for May 24, 2021

The interest rate table above illustrates recent changes in a sample of MBIS “investment grade” yields. Every issuer’s credit is different. For rates that may be applicable to your municipality, contact our Municipal Bond Advisors, Larry Kleeman and Beth Warren.
Lawrence leaders to review police department study and recommendations
Amid a nationwide reckoning with police brutality and the role of police in communities, city leaders will soon review the findings of a recently completed study of the Lawrence police department and recommended changes to its operations. As part of a special meeting Tuesday, consultants with Citygate Associates will present the findings of the police department study to the City Commission and the public. The commission called for the study and subsequent report following national and local protests against police killings of Black people and other people of color, and calls for reallocation of some police duties. The subsequent report includes 75 recommendations across various categories, including race-related issues and community engagement, handling of complaints against police, and alternative responses to policing.
Source: LJWorld.com.
Eskridge Lumber almost closed five years ago. These 31 residents put their money together to save it.
It was in 2016 that the former owners of Eskridge Lumber decided to retire. They either needed to sell the business or close its doors. That’s when community members stepped up. They wanted to purchase the business and run it as an LLC. “Most of us anyway didn’t really expect a return on our money,” said Beverly Clark, a retired school district employee. For the past five years, Eskridge Lumber has been under the ownership of 31 people who have invested time and money into the store.
Source: CJonline.com.
Abbyville Frontier Days PRCA Rodeo entertains
An award-winning rodeo clown came back home for the Abbyville Frontier Days PRCA Rodeo this weekend. Justin Rumford, who was born in Abbyville, won the PRCA Clown of the Year award, a record-breaking nine times – from 2012 through 2020. Rumford, who is in high demand throughout the country, was excited to come home to where he started his rodeo career by following his father, rodeo legend Bronc Rumford around the circuit. Rumford’s grandfather, Floyd Rumford along with his father Bronc, helped build the Abbyville Rodeo. It’s now in its 59th year.
Source: Hutch News.
Kansas contemplating $200-$250 million overhaul of law enforcement training facility
Proposed modernization of the Kansas Law Enforcement Training Center in Hutchinson at a cost of $200 million to $250 million would adhere to curriculum and instructional reforms necessary to prepare a new generation of public-safety officers, officials said. Implementation of a campus master plan — the first since the center was authorized in 1968 — would require approval of the Kansas Legislature. The anticipated price tag could lead the state to embrace a private-public partnership in which the infrastructure was financed and built by a private company and leased to the state for a period leading to acquisition.
Source: Kansas Reflector
Kansas education funding hike, school choice eligibility expansion signed into law
Gov. Laura Kelly on Monday commended a new bipartisan education law increasing education spending that fully funds Kansas education for the third year in a row while also expanding eligibility for private school scholarships. House Bill 2134, the product of negotiations between House and Senate lawmakers and the governor’s office, funds the state’s 286 local public school districts at an annual rate of $5.2 billion for the budget year beginning July 1. It also places restrictions on public schools’ use of remote instruction and directs local school boards to use federal COVID-19 aid to give district employees a $500 bonus, among a bevy of policy changes.
Source: Kansas Reflector
WPD helps celebrate students moving on to middle school
Over the weekend, four Wichita police officers joined a group of kids in celebrating a big milestone, graduating from the fifth grade. “I will never forget this day,” said Kieamarion Burton, graduated from the fifth grade. The kids said they did not know the officers were going to be joining them. It was a pleasant surprise for all the grads. “I thought somebody was going to jail or something, but they said it was for our graduation,” said Burton.
Source: KSN-TV
Natoma residents and others in Osborne County must report flood damage by state’s June 8 deadline
The State of Kansas says there is a deadline for people in Natoma and the rest of Osborne County to report flood damage. The Kansas Division of Emergency Management wants to hear from residents by Tuesday, June 8, 2021. Officials will submit the information and a request for assistance to the Small Business Administration which will make an eligibility determination for low-interest disaster loans. Osborne County residents who have flood damage should call 785-646-2522 or e-mail ng.ks.ksarng.list.kdem-damage-collection@mail.mil.
Source: KSN-TV
McCue comes back to South Hutchinson
New South Hutchinson City Manager Joseph Turner announced Monday that former city clerk Denise McCue is returning to South Hutchinson and will resume that role once again. McCue held that position for 18 years before resigning last year. She replaces Kara Neilsen who resigned this spring. …Turner consulted with the governing body and devised a strategy to get McCue to come back. Under a new agreement the city clerk will no longer be an annual appointed position. Instead, McCue will now work under the terms of a three-year contract with severance package provisions and can only be terminated by the city administrator.
Source: Hutch Post.
Natoma residents continue cleanup after flooding
It’s been nearly a week since flooding devastated the town of Natoma in Osborne County. While residents have been cleaning up their homes since Monday, all of the damage from Sunday’s floods have turned places such as the local park into a dumping ground for everything that has been destroyed. “It was devastating, really,” Ronda Hitschman said, looking at her home. All of her salvageable belongings are in her front yard. “It’s overwhelming. It’s totally overwhelming.” Hitschman and her family have been cleaning up their home since Monday, as have other Natoma residents. The locals say that things have been “chaotic” and “eye-opening.” Much of the cleanup has been organized by the people in town, and while that shows how close-knit a community Natoma is, it’s also been very challenging.
Source: KAKE – News
New Wichita loan program aims to support minority-, women-owned businesses in District 1
The city of Wichita is rolling out a new program designed to bolster businesses in the city’s District 1 by providing short-term loans to minority- and women-owned businesses. The PROPEL program, which stands for Providing Resources & Opportunities for Proprietors, Entrepreneurs & Lenders, opens for applications Monday. The city will lend business owners up to $15,000 at 3% interest, and loans must be repaid within 36 months. The revolving fund will start as an $88,000 pool of money from District 1’s cut of the 2016 Hyatt Regency Wichita sale, when each district was awarded $1 million.
Source: Wichita Eagle
Municipal Bond Trends for May 21, 2021

The interest rate table above illustrates recent changes in a sample of MBIS “investment grade” yields. Every issuer’s credit is different. For rates that may be applicable to your municipality, contact our Municipal Bond Advisors, Larry Kleeman and Beth Warren.
Economist: Why rises in bond yields should be only modest
The COVID-19 pandemic made it abundantly clear that central banks had the tools, and were willing to use them, to counter a dramatic fall-off in global economic activity. That economies and financial markets were able to find their footing so quickly after a few downright scary months in 2020 was in no small part because of monetary policy that kept bond markets liquid and borrowing terms super-easy. Now, as newly vaccinated individuals unleash their pent-up demand for goods and services on supplies that may initially struggle to keep up, questions naturally arise about resurgent inflation and interest rates, and what central banks will do next. Vanguard’s global chief economist, Joe Davis, recently wrote how the coming rises in inflation are unlikely to spiral out of control and can support a more promising environment for long-term portfolio returns. Similarly, in forthcoming research on the unwinding of loose monetary policy, we find that central bank policy rates and interest rates more broadly are likely to rise, but only modestly, in the next several years.
Source: Vanguard
Fed’s Daly says inflation pressures likely to ease in 2022
Factors pushing U.S. inflation higher are likely to ebb at the start of 2022, said Federal Reserve Bank of San Francisco President Mary Daly. “There’s just going to be a sequence of these temporary factors that are going to persist probably through the end of the year,” Daly said Friday in an interview with Bloomberg News. “They will start to roll off at the beginning of next year. How many of them will roll off or whether other bottlenecks will emerge as we start to get the economy back into shape and get back into recovery is hard to say.” Daly, a voter this year on monetary policy, said she expects inflation to remain elevated through the end of 2021 and that a variety of pressures are adding to price increases right now, including supply-chain constraints in shipping and semiconductor manufacturing and the so-called base effect of comparing this year’s prices to last year’s pandemic-induced declines.
Source: The Bond Buyer