Fed’s Hoenig dissents again

Thomas Hoenig

Thomas Hoenig, the president of the Kansas City Federal Reserve, has voiced his displeasure at the Federal Open Market Committee's (FOMC) pledge to keep rates low for an extended period.

Hoenig was on Tuesday the only one of ten voting members of the committee to vote against the use of the phrase that states the FOMC will "maintain the target range for the federal funds rate at 0 to 1/4 per cent and continues to anticipate that economic conditions are likely to warrant exceptionally low levels

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.