Thomas Hoenig, the president of the Federal Reserve Bank of Kansas City, one of the most outspoken members of the Federal Open Market Committee, has never been shy when it comes to his opinion. Hoenig sat down with American Banker to talk about a range of topics, including the missed opportunity to eliminate ‘too big to fail’ in Dodd-Frank.
Fed’s Hoenig on the failure to end bailouts, and why another crisis is coming
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Why are existing home prices rising when sales are still so low?
Existing home sales fell in today’s report, but home prices are still up year over year, even with higher inventory and higher mortgage rates.
