US-China Tension 'True Risk': Fmr. Fed President Hoenig

BloombergMonday, October 13, 2025 at 10:34:27 PM
US-China Tension 'True Risk': Fmr. Fed President Hoenig
Former Kansas City Fed President Thomas Hoenig has raised concerns about the current economic climate, stating that inflation is firmly established at around 3% and may continue to rise. In a discussion with Katie Greifeld and Matt Miller on 'The Close,' he highlighted that there is still a significant amount of money poised to be spent, coupled with strong demand, indicating that we are currently experiencing an inflationary boom. This matters because it suggests potential challenges for economic stability and consumer purchasing power in the near future.
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