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New Inflation Hawks To Be Voting Members On The FOMC In 2011

Monday, December 27, 2010 - 7:53 AM
This New York Times article reviews the four new voting members who will be on the FOMC in 2011. The inflation hawk, Thomas Hoenig, will no longer be a voting member, but two inflation hawks are replacing him.
Most economists think the Fed is unlikely to drastically alter its policy direction, though some of the new members could nudge policy toward more restraint and less activism. Two of the four new voters are viewed as hawkish on inflation, meaning that they tend to be more worried about unleashing future inflation than they are about reducing unemployment in the short run.

Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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