Thomas Hoenig - a FOMC dissenter before it came into vogue - says current Fed monetary policy is...

|By:, SA News Editor

Thomas Hoenig - a FOMC dissenter before it came into vogue - says current Fed monetary policy is reactive to current conditions, rather than a response to macroeconomic problems. In an interview with The Oklahoman, he also offers up a solution to the "too big to fail" conundrum - saying breaking up mega-banks would be in the nation's best interest.