Tom Hoenig

Tom Hoenig is an American economist and banker best known for his role as the President of the Federal Reserve Bank of Kansas City from 1991 to 2011. He is recognized for advocating sound monetary policy and financial regulation to ensure economic stability. Hoenig is particularly noted for his cautious stance on low interest rates, arguing that they can contribute to asset bubbles and financial crises. After retiring from the Fed, he continued to influence economic policy discussions through his work in academia and as a public speaker, emphasizing the importance of maintaining a strong banking system.