Former Kansas City Fed Honcho Still Fears Recession, Inflation & Bank Trouble

This post is only for our readers in the know . . . This week interest rate action was more important that most of the stuff disguised as news.

Here's the word that's hiding right out in the open . . .

"Thomas Hoenig, distinguished senior fellow at George Mason University’s Mercatus Center and former president of the Kansas City Fed, tells BNN Bloomberg the risk of a recession is still present in the U.S. Discussing the Fed’s 25 bps hike, Hoenig says the U.S. is still experiencing a lot of stimulus through fiscal expansion, and around $8T of new money in the economy has led to modest growth despite a series of rate hikes."

Take a look via www.TonysKansasCity.com link/embed . . .

Further reading . . .

Fed Meeting: FOMC Raises Rates by a Quarter-Point. Jerome Powell Says Inflation Fight Isn't Over.

News from the July Fed meeting, FOMC policy statement, and interest-rate decision, as well as Chairman Jerome Powell's press conference.

Fed raises interest rates 0.25 point, opens door to another hike despite easing inflation

The Fed raised its key interest rate by a quarter point, opened the door to another hike. Inflation has eased but officials worry it could spike again

Developing . . .