KC Fed President Thomas Hoenig: Markets are far calmer than in 2008 - and risks of QE2 now...

|By:, SA News Editor
KC Fed President Thomas Hoenig: Markets are far calmer than in 2008 - and risks of QE2 now outweigh any small benefits. Trillions are already idle; dumping more trillions in would do little to spur investment and "we have no idea" where inflation might settle afterward. Economy's slowed, but "it has not faltered."