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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFmr. Kansas City Fed Pres. Thomas Hoenig: There's no real case for the Fed to cut rates right nowFormer Kansas City Fed President Thomas Hoenig joins 'Squawk Box' to discuss the state of the economy, what to expect from tomorrow's CPI data, impact on the Fed's interest rate outlook, and more.
Persons: Pres, Thomas Hoenig Organizations: Fed, Former Kansas City Fed Locations: . Kansas, Former
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFmr. Kansas City Fed Pres. Thomas Hoenig: Three rate cuts 'would be a surprise to me' at this pointFormer Kansas City Fed President Thomas Hoenig joins 'Squawk Box' to discuss the state of the economy, the Fed's interest rate outlook, and more.
Persons: Pres, Thomas Hoenig Organizations: Kansas City Fed Locations: . Kansas
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Kansas City Fed Pres. Thomas Hoenig: Not convinced the Fed will cut rates in JuneFormer Kansas City Fed President Thomas Hoenig joins 'Squawk Box' to discuss the state of the economy, Fed Chair Powell's upcoming testimony on Congress, rate path outlook, and more.
Persons: Pres, Thomas Hoenig Organizations: Former Kansas City, Former Kansas City Fed
Former Fed president Thomas Hoenig said he'd be surprised if officials deliver three rate cuts in 2024. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Hoenig also said that a preemptive rate cut to curb a potential recession wouldn't be the right move, even in the face of regional bank stress and commercial real estate turmoil. The recent rise in inflation has flipped the script on earlier predictions of rate cuts coming as early as March. Optimistic market forecasters are placing the first rate cut sometime in the middle of this year, while others say the Fed may not cut until well into the second half or even keep rates high through all of 2024.
Persons: Thomas Hoenig, he'd, , Hoenig, Jerome Powell Organizations: Service, Reserve, Kansas City Fed, Fed, Federal, Market Locations: Kansas
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Kansas City Fed Pres. Thomas Hoenig: Three rate cuts this year would be a surpriseThomas Hoenig, former Kansas City Fed president, joins 'Squawk on the Street' to discuss Hoenig's outlook for the Federal Reserve, the idea of a preemptive rate cut, and much more.
Persons: Pres, Thomas Hoenig Organizations: Former Kansas City, Kansas City Fed, Federal Reserve Locations: Kansas
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed has 'a long ways to go', says Fmr. Kansas City Fed President Thomas HoenigThomas Hoenig, Former Kansas City Fed President, joins 'Closing Bell Overtime' to talk the latest jobs data, the possibility of a soft landing, what to expect from the Federal Reserve and more.
Persons: Thomas Hoenig Thomas Hoenig Organizations: Fed, Former Kansas City Fed, Federal Reserve Locations: Fmr . Kansas, Former
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFmr. Kansas City Fed President Thomas Hoenig: This FOMC is very concerned about going too farFormer Kansas City Fed President Thomas Hoenig joins 'Squawk Box' to discuss the Fed's inflation, rising Treasury yields, rate path outlook, and more.
Persons: Thomas Hoenig Organizations: Fed, Former Kansas City Fed Locations: . Kansas, Former
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHigh-interest rates have led the private sector to buy debt: Former KC Fed President Thomas HoenigRaghuram Rajan, University of Chicago professor, Former Kansas City Fed President Thomas Hoenig, join 'The Exchange' to discuss the Fed decision to Fed quantitative easing, an increase in new debt issuances, and how a shift in who is buying up debt is growing treasury rates.
Persons: Thomas Hoenig Raghuram Rajan, Thomas Hoenig Organizations: KC Fed, University of Chicago, Former Kansas City Fed
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's a 'toss-up' whether the Fed will hike rates again, says former Kansas City Fed presidentThomas Hoenig, distinguished senior fellow at Mercatus Center at George Mason University and former president of the Federal Reserve Bank of Kansas City, says "we won't know until we see more inflation data."
Persons: Thomas Hoenig Organizations: Kansas City Fed, Mercatus, George Mason University, Federal Reserve Bank of Kansas Locations: Kansas, Federal Reserve Bank of Kansas City
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation will stay more elevated than some expect: Former KC Fed Pres. Thomas HoenigFormer Kansas City Fed President Thomas Hoenig joins 'Squawk on the Street' to discuss what will be most interesting from the Federal Reserve's meeting, whether higher oil prices will have minimal impacts on core inflation, and more.
Persons: Thomas Hoenig Organizations: KC Fed, Thomas Hoenig Former Kansas City Fed
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe long-run effect of this interest rate cycle is getting more play, says former Fed presidentFormer Kansas City Fed President Thomas Hoenig joins 'Squawk on the Street' to discuss his thoughts on Fed chair Powell's recent comments, the data coming this week, and comments from the Dallas Fed survey.
Persons: Thomas Hoenig Organizations: Former Kansas City Fed, Dallas Fed
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailToday's Fed meeting will underscore data dependency, says former Kansas City Fed presidentThomas Hoenig, former president of the Federal Reserve Bank of Kansas City, joins 'Squawk on the Street' to discuss bank loans under pressure due to higher interest rates, the economic impact of enormous fiscal stimulus, and the Fed's upcoming Basel III Endgame Proposal meeting.
Persons: Thomas Hoenig Organizations: Kansas City Fed, Federal Reserve Bank of Kansas Locations: Kansas, Federal Reserve Bank of Kansas City, Basel
The Federal Reserve enacts monetary policies to stabilize prices and maximize employment in the U.S. economy. These dueling goals are known as the dual mandate. For example, if prices are too hot, the Fed may vote to raise interest rates to influence a decrease in borrowing. Other experts argue that the dual mandate remains key to keeping the U.S. economy safe and stable. Watch this video to see how the Fed tries to strike a near-impossible balance to promote both parts of the dual mandate.
Persons: Danielle DiMartino Booth, Thomas Hoenig, David Wessel Organizations: QI Research, CNBC, International Monetary Fund, Federal Reserve Bank of Kansas City, Hutchins, Brookings Institution Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation has to be the first priority for the Fed, says Former KC Fed Pres. Thomas HoenigThomas Hoenig, FMR. Kansas City Fed president, joins 'Closing Bell: Overtime' to discuss the upcoming economic data reports and the Fed's potential next move.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. Fed's 25 basis point rate hike was the right call, says former Kansas City Fed presidentThomas Hoenig, former president of the Federal Reserve Bank of Kansas City, says the U.S. Federal Reserve would've lost "enormous credibility" in the fight against inflation if it hadn't done that.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed must stay the course on inflation, says former Kansas City Fed presidentThomas Hoenig, former FDIC vice chair and Kansas City Fed president, joins 'Squawk Box' to discuss why Hoenig believes the Federal Reserve needs to 'stay the course', regulation around risk-weighted capital standards and more.
It’s a no-win situation for them,” Hoenig, the former vice chair of the Federal Deposit Insurance Corporation, told CNN in a phone interview on Monday. Raising interest rates at the Fed’s monetary policy meeting next week could add to the financial pressure facing the banking system, in part by further depressing the value of the bonds that banks are sitting on. But Hoenig, who led the Kansas City Fed during the 2008 financial crisis, urged the Fed to keep hiking rates because inflation hasn’t gone away. Nomura is going a step further, predicting the Fed will completely reverse course and start cutting interest rates next week and halt the shrinkage of its balance sheet. Hoenig said he would be “disappointed” if the Fed started to cut interest rates now, warning of “long-run consequences” that could invite a repeat of 1970s-style runaway inflation.
The 2% inflation target is key to the Federal Reserve's vision for stable prices in the U.S. economy, according to the Federal Reserve Bank of St. Louis. But, "the 2% inflation target, it's relatively arbitrary," Josh Bivens, director of research at the Economic Policy Institute, told CNBC. "We led the way in inflation targeting," Arthur Grimes, professor of wellbeing and public policy at Victoria University, told CNBC. Canada announced its inflation target in 1991, and the United Kingdom followed suit in 1992. Then, Sweden and Finland declared inflation targets in 1993, according to the Organization for Economic Cooperation and Development.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed could hike rates by 25 bps in next meetings if inflation moderates: ex-Kansas City Fed presidentThe Fed's next moves are "up in the air," says Thomas Hoenig, former president of the Federal Reserve Bank of Kansas City, and the central bank could hike by 25 basis points or 50 basis points depending on whether inflation gets too hot.
Most of the inflation is behind us, and then the biggest threat is recession, not inflation, today. Jeremy Siegel Wharton professorOfficial data, which typically lags by a month, may not immediately show the changes happening in the real economy, he said. "Most of the inflation is behind us, and then the biggest threat is recession, not inflation, today." "I think that that is way, way too high — given the policy lags, that really would force a contraction," he said. "But my feeling is that when I look at sensitive commodity prices, asset prices, housing prices, even rental prices, I see declines, not increases," he said.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed will have to take the terminal funds rate higher in '23, says former KC Fed presidentThomas Hoenig, former Kansas City Fed president, joins 'Closing Bell' to discuss if it matters how the Federal Reserve got to where they are now, the chances that the Fed lowers the terminal federal funds rate in 2023 and more.
The market is finally believing the U.S. Fed, says think tank
  + stars: | 2022-09-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market is finally believing the U.S. Fed, says think tankThomas Hoenig of the Mercatus Center says the market now thinks the U.S. Federal Reserve is going to raise interest rates until inflation comes down.
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