Kansas Fed's Hoenig says US rates accommodative

Kansas City Federal Reserve President Thomas Hoenig said on Thursday 6 January that US interest rates remain "fairly accommodative" and are likely to help stimulate economic growth of between 3.5 and 4 percent.

"Having reversed (the accommodative policy) to some degree and coming up to 2-1/4 percent, while it is an increase in the rates, in a historic context it is still a fairly accommodative policy," Hoenig told a professional group in Kansas City, Missouri.

"The markets are recognizing that.