Search Results for: hoenig

Thomas Hoenig Looks Out, Sees the 1970s in Our Current Recession.

Kansas City Fed President, Noted inflation hawk and 2010 voting member of the FOMC Thomas Hoenig is leaving the Federal Reserve. Here’s an exit interview he did with the Washington Post, which lays out his two main worries about the current economy. … Continue reading

Posted in Uncategorized | 4 Comments

Far Too Low for Far Too Long

by JW Mason So, what caused the economic and financial crisis of 2007-whenever? It’s an open question. Presumably we’ll continue to argue about it until the next crisis (or until the Moon Men invade.) But right now let’s talk about one … Continue reading

Posted in Uncategorized | 27 Comments

Discussing Rick Perry and the Federal Reserve on Last Word

I was on Last Word guest-hosted by Chris Hayes yesterday (click through for video), talking about Rick Perry’s Federal Reserve comment, QE3 and the far-right’s approach to monetary policy. Some previous posts for those joining the blog that are related: the regional … Continue reading

Posted in Uncategorized | 1 Comment

Interview with Joe Gagnon on Quantitative Easing, its Criticisms and the Argument for QE3.

In the wake of recent bad employment numbers, people are looking for options to boost the economy. Some have proposed another round of quantitative easing to get us back to the normal rate of growth. I interviewed Joe Gagnon, Senior Fellow at the … Continue reading

Posted in Uncategorized | 34 Comments

Club for Growth to Target Peter Diamond’s Nomination to the Fed

Late last year I noticed that the conservative infrastructure was being put in motion to go after the Federal Reserve and potential nominees to fill the vacant seats.  With seats vacant, voting power disproportionately goes to regional Presidents.  These are people … Continue reading

Posted in Uncategorized | 8 Comments

How The Bailouts Hurt Small Banks and Benefited Big Finance.

I hope when Federal Reserve Bank of Kansas City President Thomas Hoenig is explaining to Republicans why they should be worried unemployment might come down too quickly, he takes a (very long) break from that argument to discuss this New … Continue reading

Posted in Uncategorized | 6 Comments

That QEII Letter From Economics 21

I noticed last week that there was going to be a moving of the goalposts when it came to right-wing conservatism and the Federal Reserve. This is accelerating. Yesterday Economics 21 released a letter calling for an end to QEII … Continue reading

Posted in Uncategorized | 1 Comment

Unemployment in Anti-Monetary Policy Fed States

Ryan Avent is surprised by how quickly Minneapolis Fed President Narayana Kocherlakota is accepting structural unemployment as a reason for not pursuing monetary policy. Federal Reserve Bank of Kansas City President Thomas M. Hoenig is calling for a raise of … Continue reading

Posted in Uncategorized | 4 Comments

Two Important Financial Reform Catches: Resolution, and Federal Reserve Presidents on 716

Shahien Nasiripour has been on a roll this week. First he caught this really important story about the credibility of resolution authority: The financial reform bill championed by the Obama administration and Senate Democrats as permanently ending the idea that … Continue reading

Posted in Uncategorized | Leave a comment

A Q&A and Summary about Size Caps from Demos

Demos has posted a summary background and FAQ on The Safe Banking Act here. This is the bill has has both a size cap AND a leverage cap at 16.67:1, which are two of my favorite things. We haven’t had … Continue reading

Posted in Uncategorized | Leave a comment