Another Rate Hike Warning From a Fed Head

by: Tony Sagami

Thomas Hoenig, president of the Kansas City Federal Reserve Bank, warned an audience in Capser, Wyoming that inflationary pressures are building too fast, writes Tony Sagami, owner and founder of Harvest Advisors. He said:

“That means we have resource pressures continuing in the economy. Any one of these items by themselves I think you could deal with and explain ... but now we have them coming together at the same time from a period of time in which monetary policy had been accommodative.

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