Thoughtful Money with Adam Taggart

Former Fed Official Accuses It Of Socialism | Thomas Hoenig

Aug 27, 2024
In a thought-provoking discussion, Thomas Hoenig, a former Federal Reserve official and now a Distinguished Senior Fellow, shares his critical views on current monetary policies. He challenges the implications of low interest rates and quantitative easing, warning of their role in exacerbating wealth inequality. Hoenig reflects on the recent Jackson Hole conference, discussing Powell's acknowledgment of past mistakes and navigating post-COVID economic policy. He also highlights the struggles of younger generations with home affordability amid rising debts—a call for reevaluation became clear.
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