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Another excellent interview from Federal Reserve Bank of Kansas City President Thomas Hoenig. Hoenig is an adult with a rational, thoughtful take on the Fed’s mandate and the limitations of what they can and should be targeting. Hoenig says there’s … Continue reading →

As the consensus view predicted, Bernanke did not signal further stimulus today, although he urged Congress to get a grip and roll out some meaningful fiscal stimulus. He also urged them to not underestimate the fragility of the present economy. … Continue reading →

Thomas Hoenig, Federal Reserve Bank of Kansas City president shares his thoughts on Fed induced bubbles and whether the economy is in a state of slowdown or actual recession.