Thomas Hoenig

In a stark contrast from what Federal Reserve chairmen Ben Bernanke said earlier this month, Kansas City Federal Reserve President Thomas Hoenig said gold is money. In comments that are crossing the wire, Hoenig said, "The dollar fulfills the three functions of money. So does gold." That's a...

Hold your horses stimulus bears, Ben Bernanke might not be done yet. According to this Bloomberg article, Federal Reserve Chairman Bernanke may do a "QE 2.5", as the economy appears to be too weak to just stop stimulus all together. This would require the Federal Reserve to invest the proceeds of...

Kansas City Federal Reserve President Thomas Hoenig said that the Federal Reserve should start exiting its ultra-easy monetary policy in an effort to stave off inlfation. Heonig wants the Fed to allow the balance sheet to shrink and raise the fed funds rate from near 0, where it is now, to 1%....

According to the Associated Press, Kansas City Federal Reserve President Thomas Hoenig is going to retire on October 1. Hoenig has been in charge of the Kansas City Fed since 1991, and is the biggest hawk on the Federal Reserve. Hoenig is retiring because he will reach the mandatory retirement...

Thomas Hoenig, the president of the Kansas City Federal Reserve said that the biggest banks in the U.S. need to be broken up, as these banks still pose a huge economic risk to the country, and the risk is worse than it was before the financial crisis. Hoenig went on to say that regulators should...

Kansas City Federal Reserve President Tom Hoenig discussed the country's monetary policy with FOX Business Network's (FBN) Peter Barnes saying our policy is “highly accommodating” and with that “you should over time, expect inflation to rise.” Hoenig also states that he is “not in favor” of...

Kansas City Federal Reserve Chair, Thomas Hoenig, recently sat down to speak with FOX Business Network's Peter Barnes about his views on the economy, interest rates, and quantitative easing. When asked about being the lone dissenter on the Federal Open Market Committee (FOMC), he said, “They [his...

Kansas City Federal Reserve Bank President Thomas Hoenig said today that interest rates kept too low for too long encourage risky financial behavior. Hoening recommended raising interest rates to prevent another asset bubble and bust. Hoening said, "I am confident that holding rates down at...

The Federal Reserve today announced that it will maintain the target range for the federal funds rate at 0 to 1/4 percent as it continues to anticipate economic conditions that are likely to warrant exceptionally low levels of the federal funds rate for an extended period. The decision to hold...