Thomas Hoenig
Thomas Hoenig is a Distinguished Senior Fellow at George Mason University’s Mercatus Center. He has more than 40 years of experience in economics, central banking, commercial bank supervision, and executive leadership. He is a life-long advocate of market-based methods to allocating scarce resources and assuring strong and consistent economic growth. He was a former chief executive of the Kansas City Federal Reserve Bank. He spent 38 years at the Federal Reserve. He was also a former Vice Chairman of the Federal Deposit Insurance Corporation. Hoenig has experience as a voting member of the Federal Open Market Committee. He has a reputation as an anti-inflation hawk.
Thomas Hoenig Professional Experience / Academic History
Professional Experience
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Vice Chairman
Academic History
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MA, Economics
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PhD, Economics
Thomas Hoenig was in the minority and did not agree with QE1-QE3 because they took place during a recovering economy. This was a controversial opinion. He was concerned that doing so would create the next excess—too much leverage and misallocation of resources.