#287: Fed Behaving Dangerously, Fed President Says

 


Every time the Fed's key policy committee met last year, almost everybody in the group agreed on what the Fed should do.
On today's Planet Money, we talk to the one guy who, meeting after meeting, cast the lone "no" vote: Thomas Hoenig, president of the Kansas City Fed.
Hoenig thinks the Fed is repeating mistakes of the past, keeping interest rates too low for too long. That risks creating another bubble — and another crash, he says.