The Fed Is Facing An Impossible Problem | Judy Shelton & Thomas Hoenig

“Judy will never say anything negative about Trump: I understand the constitution gives power of the purse to Congress, however ; Trump pushes more spending and no serious cuts where it matters.”

“We are definitely in the speculation phase of the cycle, where liquidity is starting to dry up and interest rates are poised to jump. This is the exact moment when you should be trimming overextended positions and building up a solid cash r…”

“The problem IMO with all this in-house rectitude, collegiality, civility and “make nice” behavior on the part public officials, simply stated, is that these same public officials often lie, mislead public discussion; fail to adequately and…”

“Amazing interview, great questions Adam. Mr. Hoenig's disgust at the fed buying MBSs is priceless. Mr. Hoenig struggled to bite his tongue, but he did. He simply said it was a "mistake". The Fed is mostly responsible for the situation we ar…”