0 minute readTom Hoenig, president of the Federal Reserve Bank of Kansas City, continues to lead the charge for increasing the federal funds rate, saying he would like to raise it to 1% by the end of summer. At a Thursday speech hosted by the Chamber of Commerce in Bartlesville, Okla., Hoenig said periods with interest rates too low can lead to the buildup of new financial imbalances.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
