Fed’s Hoenig Seeks Monetary Policy Debate, Not ‘Group Think’
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Kansas City Federal Reserve President Thomas Hoenig said he cut back invitations to Fed officials to the Jackson Hole symposium this year to broaden debate and discourage uniform thinking on monetary policy.
“We are trying to avoid the same group so that we get this group think that people can attribute if you only talk to the same people over and over,” Hoenig said in an interview broadcast today on Bloomberg Radio’s “The Hays Advantage,” with Kathleen Hays.