Former Kansas City Fed Honcho Warns Of Inflation Risk After Lower Fed Cut

For our KC financial hawks . . . Here's a moment of doubt from somebody who knows their stuff:

"They are gambling that they have inflation under control," Thomas Hoenig told the Reuters Global Markets Forum, opens new tab. "They have turned their attention to maintaining employment, and that does inflate the risk of renewed inflation down the road."

Read more via www.TonysKansasCity.com link . . .

Ex-Kansas City Fed chief sees renewed inflation risk after large rate cut

The U.S. central bank's decision to cut interest rates by half a percentage point leaves open the risk of a resurgence in inflation, a former Kansas City Federal Reserve president said on Thursday.