Fed needs to 'calm' inflationary fear...

Fed needs to 'calm' inflationary fears, Hoenig says

There are 1 comment on the KansasCity.com story from May 3, 2011, titled Fed needs to 'calm' inflationary fears, Hoenig says. In it, KansasCity.com reports that:

Federal Reserve Bank of Kansas City President Thomas Hoenig said the central bank should begin withdrawing its monetary stimulus as part of efforts to quell concerns about inflation in the U.S. "I can't go anywhere in my district and have people not ask me about inflation" in items including gasoline, groceries and paper products, Hoenig said to ...

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Since: Apr 08

Mission Viejo, CA

#1 May 3, 2011
If you want to end the speculative bubble, than drive up interest rates. It is best tool to drive out speculation and have prices return to stable levels.

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