Veteran Federal Reserve Exec Thomas Hoenig Warns We’re On A Trajectory For Crisis

WORRIED ABOUT THE MARKETS? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money’s endorsed financial advisors at The Federal Reserve is one of, if not the most, significant institutions in the world given the global impact of its policy decisions. It influences the price of nearly everything, as well as the availability of jobs, the stability of our banking system, and the purchasing power of our money. When the Fed Chair speaks, the entire world stops to listen. But the average person has a poor understanding of how this colossally important entity operates or even why it exists. And after a series of asset price bubbles -- which some argue we’re in another one now -- a chorus skeptical of the Fed’s actions has emerged. So today we’re doing our best to shine as bright a light as possible on the Fed: how & why it operates, the good & as well as the shortcomings of its actions to date, what direction its policies are likely to take from here, and how all of this impacts the households of regular people like you and me We have the great privilege of speaking today with Thomas Hoenig, former CEO of the Kansas City Fed, former voting member of the Federal Open Market Committee, a former director of the FDIC, and now a Distinguished Senior Fellow at the Mercatus Center. Follow Dr. Hoenig at 0:00 - Dr. Hoenig’s Backstory 5:26 - Why Does The Federal Reserve Exist? 11:16 - The Fed’s Track Record 14:53 - Is Current Fed Policy Appropriate? 18:37 - Is Powell Confident Or Fearful? 22:45 - The Fed’s Short-Term Focus 28:14 - Our Disastrous Fiscal Policy 42:24 - Reforms Hoenig Would Prioritize 50:29 - How Fed Policy Affects Home Prices 53:12 - Why The Fed’s Decisionmaking Is Broken 57:58 - Outlook For The Dollar’s Purchasing Power 1:01:08 - Fed Policy & The Wealth Gap 1:05:13 - When Will QE Re-Start? 1:07:16 - How Vulnerable Is The Banking System? 1:09:00 - The Timeline For The Fed’s Next Crisis 1:10:34 - Wrap-up #federalreserve #inflation #moneysupply _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Solicitor. We produce educational content geared for the individual investor. It’s important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such. We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor in good standing with the Financial Industry Regulatory Authority (FINRA) who can develop & implement a personalized financial plan based on a customer’s unique goals, needs & risk tolerance. IMPORTANT NOTE: There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. A security’s or a firm’s past investment performance is not a guarantee or predictor of future investment performance.