Thomas M. Hoenig–Is The Federal Reserve Following The Appropriate Monetary Policy?–Videos

Posted on June 4, 2011. Filed under: Agriculture, Banking, Blogroll, Books, Business, College, Communications, Economics, Education, Employment, Federal Government, Fiscal Policy, government, government spending, Investments, Law, liberty, Life, Links, media, Monetary Policy, Money, People, Philosophy, Politics, Psychology, Rants, Raves, Regulations, Security, Taxes, Video, War, Wealth, Wisdom | Tags: , , , , , |

Federal Money Manipulation just more lies.

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Thomas Hoenig, Federal Reserve Bank of Kansas City President

Thomas Michael Hoenig

“…Thomas Michael Hoenig[1] (born September 6, 1946) took office October 1, 1991, as the eighth chief executive of the Tenth District Federal Reserve Bank, in Kansas City, United States. He is currently serving a full term that began March 1, 2001. In 2010, he is serving as a voting member of the Federal Open Market Committee, as one of five of the twelve Federal Reserve Bank presidents that sit on the Committee on a yearly rotating basis. He is known as an inflation hawk.[2] …”

Hoenig was born in Fort Madison, Iowa, where his father owned a plumbing business. He was raised Catholic and attended Catholic schools.[3][4] Hoenig earned a B.A. in economics and mathematics from St. Benedict’s College (now Benedictine College), Atchison, Kansas, and M.A. and Ph.D. degrees in economics from Iowa State University.[5]

Hoenig joined the Federal Reserve Bank of Kansas City in 1973 as an economist in the banking supervision area. He was named a vice president in 1981 and senior vice president in 1986.

According to Fed salary figures released for 2010, Hoenig earns $374,400 per year, in the mid-range for the twelve regional bank chairs and considerably more than Fed chair Ben Bernanke ($199,700), whose pay is limited by law.[6]

He has served as an instructor of economics at the University of Missouri-Kansas City and lectured on the U.S. banking and regulatory system for the People’s Bank of China. Dr. Hoenig is a member of the Board of Trustees of the Ewing Marion Kauffman Foundation and serves on the boards of directors of Midwest Research Institute and Union Station.

On March 25, 2011 Hoenig announced his intent to retire on October 1, 2011, as required under the Federal Reserve Board’s mandatory retirement rules for Federal Reserve Bank Presidents. The retirement marks 20 years as president for Hoenig whose first day as Bank president was October 1, 1991, and 38 years of total service to the Federal Reserve.[7] …”

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