Federal Reserve Bank of Kansas City President Thomas Hoenig will retire Oct. 1, marking nearly four decades of central bank service. Get the full story »
Inside these posts: Thomas Hoenig
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Fed set to launch fresh round of bond purchases
The U.S. Federal Reserve opens a two-day meeting on Tuesday that is expected to conclude with a decision to pump hundreds of billions of dollars into the economy to stir the tepid recovery out of its doldrums. Get the full story »
Fed hawks still skeptical about more easing
Two senior Federal Reserve officials raised concerns about further monetary easing on Thursday but only one — one of the Fed’s most consistent policy hawks — expressed firm opposition to a move.
Kansas City Federal Reserve Bank President Thomas Hoenig, who has dissented against the U.S. central bank’s extremely easy money policies at every meeting policy-setting meeting this year, was blunt in stating distaste for further Fed help. Get the full story »
Aug. 23, 2010 at 10:26 a.m.
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Filed under: Bank failures, Banking, Economy, Policy, Politics Fed’s Hoenig: ‘Too big to fail” hurts small banks
The viability of community banks is threatened by policies that have conferred “too big to fail” status on larger banks, reducing their cost of capital, Kansas City Federal Reserve Bank President Thomas Hoenig said on Monday.
Hoenig, in prepared testimony to a field hearing of the U.S. House of Representatives Subcommittee on Oversight and Investigations here, said the community bank model was still viable, especially if allowed to compete on an equal footing with larger banks. Get the full story »
