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No increase in interest rates will create economic imbalance, claims Thomas Hoenig
Kansas city Fed President Thomas Hoenig dissented, preferring no rate change. Last month, the Fed reduced the funds rate for the first time in over four years, by 50 basis points.
Kansas Fed Representative Thomas Hoenig voted against the policies, arguing that ultra-low interest rates would create imbalances over time. -- AFP
Thomas Hoenig, president of the Federal Reserve Bank of Kansas City, expressed concern that low rates could cause a buildup of 'financial imbalances' and put the economy's ...
... regional central bank chiefs would like to change the language of the traditional statement issued at the end of the meeting but only one - Kansas City Fed president Thomas Hoenig ...
No increase in interest rates will create economic imbalance, claims Thomas Hoenig
"It is imperative for monetary policy to maintain the value of the dollar," Thomas Hoenig told local business leaders at an economic forum in Gering, Nebraska.
Thomas Hoenig, president of the Federal Reserve Bank of Kansas City, in a speech in New Mexico raised concerns about leaving rates at record lows for too long.
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