Hoenig Blames Fed for Rising Commodities; Urges Tightening


Gee, what’s this from Hoenig?

The Federal Reserve’s “highly accommodative” monetary policy is partly to blame for rapidly increasing global commodity prices, said Kansas City Fed President Thomas Hoenig, who called on colleagues to raise the benchmark interest rate toward 1 percent soon.

And what did I post a good long while back?


That was the second version, and now that Hoenig has admitted it, well…..

Where are the handcuffs for BendOverBernanke?  It’s a crime to lie to Congress!


The Market-Ticker