Kansas City Fed's Thomas Hoenig - the lone voice against monetary easing and zero interest rates...


Kansas City Fed's Thomas Hoenig - the lone voice against monetary easing and zero interest rates for a long string of FOMC votes - is retiring Oct. 1 after 20 years as president. The bank's board has formed a search committee to find a successor.

Comments (10)
  • Mad_Max_A_Million
    , contributor
    Comments (1175) | Send Message
     
    Taking odds their find a pro paper hanging bankster to take his place.
    25 Mar 2011, 12:16 PM Reply Like
  • CRUDE GOLD
    , contributor
    Comments (370) | Send Message
     
    Very good for the sheeple : everything will suddently be cheaper...
    A symbol of the old, free America.
    25 Mar 2011, 12:20 PM Reply Like
  • pdxinvestor
    , contributor
    Comments (6) | Send Message
     
    Noooooo they finally broke Hoenig. Too bad. I'm sure he'll have some great parting comments though.
    25 Mar 2011, 12:21 PM Reply Like
  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    This probably means QE III is in the books already...
    25 Mar 2011, 12:21 PM Reply Like
  • mikebrah
    , contributor
    Comments (253) | Send Message
     
    Ousted!

     

    Another illuminating example of how bureaucracy is virtually unbeatable. It is the cancer of civilization. All bureaucracy, not just the Fed specifically. Those that oppose it are too small a minority, and eventually give up fighting.

     

    Whether it be fatigue, complacency, retreat, or conversion...the virtuous and rational individual usually loses to the mob.
    25 Mar 2011, 12:27 PM Reply Like
  • Duude
    , contributor
    Comments (3405) | Send Message
     
    I would love to see a business network hire him as a Fed analyst. He might have more power on the boob tube than he had as a lone wolf.
    25 Mar 2011, 12:28 PM Reply Like
  • rick flair
    , contributor
    Comments (369) | Send Message
     
    QEIII here we come..................... at me, i'm a brokerage with free money.weeeeeeeeeeeeeee...
    25 Mar 2011, 12:30 PM Reply Like
  • Capitalist1
    , contributor
    Comments (54) | Send Message
     
    Groupthink at the Fed will now be unanimous.
    25 Mar 2011, 12:38 PM Reply Like
  • jd123
    , contributor
    Comments (172) | Send Message
     
    There was an article on SeekingAlpha awhile back speculating that Hoenig could have been positioning himself to be the next Fed chairman. There goes that (very faint) hope.
    25 Mar 2011, 01:31 PM Reply Like
  • Poor Texan
    , contributor
    Comments (3527) | Send Message
     
    Well there are plenty of willing replacements at GS.
    25 Mar 2011, 09:35 PM Reply Like
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