Fed’s Hoenig Sees ‘Sustainable’ Recovery; Prices Slowly Rising

Federal Reserve Bank of Kansas City President Thomas Hoenig said the U.S. economy is improving “systematically” and inflation has started to slowly rise.

“The economy is improving systematically now and I think on a sustainable basis,” Hoenig said according to the transcript of an interview today on Fox Business Network. “There is indications that inflation is rising slowly, modestly, but still rising,” he said.