Kansas’s Hoenig dissents at FOMC meeting
Thomas Hoenig, the president of the Federal Reserve Bank of Kansas City who became a voting member of the central bank's rate-setting committee this year, was the lone dissenter in its first meeting of 2010, a statement released on Wednesday revealed.
He voted against the committee's decision to maintain its promise that economic conditions were still "likely to warrant exceptionally low levels of the federal funds rate for an extended period."
Hoenig, who is known to be one of the most hawkish
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