Kansas City Fed's Hoenig sees solid growth ahead

Speaking on Tuesday 7 October, Kansas City Fed chief Thomas Hoenig said the Federal Reserve's current policy stance was appropriate for an economy that needed to grow faster than its long-run sustainable pace in order to bring down the unemployment rate.

Source: Reuters

Kansas City Federal Reserve Bank President Thomas Hoenig said on Tuesday the U.S. economy was poised for solid expansion with low inflation through next year, although he warned that a lack of job growth posed a risk.

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