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Benzinga
Benzinga
Business
Stjepan Kalinic

Former Fed Official Expects A December Cut ― Will It Worsen The Debt Spiral?

America's Debt Is Ballooning

Former Kansas City Fed president Tom Hoenig, a one-time FOMC voting member, thinks the central bank is about to make a mistake.

In a recent interview with Adam Taggart, the veteran central banker laid out a warning. The Federal Reserve is likely to cut rates in December despite inflation still running at 3%.

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