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Hoenig: Fed Needs Exit Strategy To Avoid Inflation

Random Feed wrote an interesting post today on
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The Federal Reserve needs a forceful exit strategy from the trillions of dollars it’s pumping into the economy, or risk an inflationary outbreak, Federal Reserve Bank of Kansas City President Thomas Hoenig said Tuesday. In an interview with Dow Jones Newswires, Hoenig also said that while he’s hopeful the new government plan to remove toxic assets from banks will succeed, he’s worried that it assumes most of the losses on those assets have already occurred. On Monday, the Treasury Depa

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