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Thomas Hoenig

Thomas Hoenig, a member of the Federal Reserve Board, gives some indication of the split within that body in a speech to the National Association of Realtors. Though the Fed announced a new round of quantitative easing on Wednesday, Hoenig said that the Fed risks inflation and another boom-bust.

Federal Reserve Bank of Kansas City President Thomas Hoenig said the central bank needs to increase interest rates to foster a more solid U.S. economy.

  1. Bloomberg (Image)