America’s Next Top Fed Hawk – Thomas Hoenig

Get to know Thomas Hoenig, the Kansas City Federal Reserve President, for he's banging the rate hike gong the loudest right now. 

Hoenig is the most vocal inflation hawk at the Fed, he wants interest rates raised now.  Yesterday, in fact.

His argument is that the recovery is substantial enough to warrant some "normalcy" and that the longer rates remain at zero, the greater the odds of a new speculative bubble. 

The interpipes are awash in Hoenig the Hawk commentary today - I think his opinions will become increasingly heeded within The Bank this spring...

Fed's Hoenig Says Higher Rates Won't Derail Economy

Wall Street Journal - Michael S. Derby - ‎35 minutes ago‎

NEW YORK—Federal Reserve Bank of Kansas City President Thomas Hoenig said Tuesday the central bank is creating the risk of future ...

Fed's Hoenig wants rate hike sooner than later

MarketWatch - Greg Robb - ‎2 hours ago‎

WASHINGTON (MarketWatch) -- The Federal Reserve should raise short-term interest rates "sooner rather than later," said Thomas Hoenig, the president of the ...

Hoenig Says Fed Should Raise Rates Even With Unemployment High

BusinessWeek - Joshua Zumbrun - ‎2 hours ago‎

March 2 (Bloomberg) -- Kansas City Federal Reserve Bank President Thomas Hoenig said the central bank should be prepared to raise the ...

Fed's Hoenig-zero rate pledge invites speculation

Reuters - Mark Felsenthal, Pedro Da Costa - ‎2 hours ago‎

WASHINGTON, March 2 (Reuters) - A senior US Federal Reserve official said on Tuesday that an extended period of ultra-low rates invites speculative behavior ...

A Rise In Rates

BusinessWeek - ‎16 hours ago‎

Feb. 26 - At this week's Investment Policy Committee meeting, we discussed the recent discount rate hike's possible impact on market performance. ...
 
All good reads...

Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.

You might be interested in:
blog comments powered by Disqus