thomas hoenig

Sweden's Central Bank Is Fighting the Next Bubble

While most of the world's central banks are still fighting the last war, Sweden's Riksbank has moved on to the next one. Rather than looking at conventional inflation gauges, the world's oldest central bank is basing its actions on asset-price growth in an effort to prevent the next bubble.

Citing 'Insufficient' Growth, Fed Keeps Policy Steady

The Federal Reserve Tuesday kept its current accommodative monetary policy going steadily and continued its program of quantitative easing, saying that the economic recovery is continuing, but the growth rate "has been insufficient to bring down unemployment."

The Fed Tries Again to Buy Economic Growth

U.S. Federal Reserve today launched the second phase of its quantitative easing program, the so-called QE2, saying it will buy up to $600 billion more in long-term U.S. Treasury bonds to help stimulate a U.S. economy that's growing too slowly.

Fed Will Create More Money, but Will It Help?

Just about everyone expects the Federal Reserve to announce a new program of buying bonds with the goal of stimulating the economy. But not many observers think it's a good idea -- and the chorus of critics is only getting louder.

Fed's Hoenig Warns Against Further Monetary Action

Kansas City Federal Reserve President Thomas Hoenig broke ranks with some of his fellow regional Federal Reserve executives Tuesday, warning against further monetary action as a way to spur economic activity.

An Anxious Fed: Economy Needs More Time

The minutes of the Fed Open Market Committee's Sept. 20-21 meeting show a second round of quantitative easing may be needed "before long," but the bankers delayed any moves to collect more data and figure how to best to communicate the policy.