KC Fed's Thomas Hoenig again defies Fed orthodoxy, saying the economy doesn’t need further Fed...

|By:, SA News Editor

KC Fed's Thomas Hoenig again defies Fed orthodoxy, saying the economy doesn’t need further Fed stimulus and indeed requires a modest tightening of monetary policy. He argues for a longer-term approach: “We continue to grow modestly” and a strong chance remains that the expansion will continue on that path.