Former Fed Official Warns Money Printing Will Likely Kick Into High Gear Soon | Thomas Hoenig
He sees the pressures on the Fed to print again are just too large
QT has officially ended.
Will QE make a return soon?
Former Fed official Dr Thomas Hoenig fears so.
He sees a high likelihood that the Fed will have to resume its money printing ways in order to soak up the $trillions in Treasury bonds coming due annually.
Dr Hoenig and I discuss why, as well as Fed Chair Jerome Powell’s upcoming succession, in today’s video.
To hear an exceptionally informed discussion on the Fed, click here or on the video below:
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Adam’s Notes: Dr Thomas Hoenig (recorded 12.1.25)
EXECUTIVE SUMMARY:
Former Kansas City Fed President Thomas Hoenig believes the Fed will likely cut rates by 25 bps in December 2025 despite his view that it should pause; inflation remains stubbornly around 3%, the economy is stable, and unemployment is still low at ~4.1-4.2%.
He is deeply worried about the return of QE in the near-to-medium term because of
