Thomas Hoenig
- Distinguished Senior Fellow
Thomas Hoenig is a Distinguished Senior Fellow at the Mercatus Center at George Mason University. Mr. Hoenig engages in research and comment on economics, money and banking, and related policy topics and provides economic outlook and related services to investment firms and businesses across the country.
Prior to joining the Mercatus Center, Mr. Hoenig served as Vice Chairman of the Federal Deposit Insurance Corporation from 2012 until 2018. In that capacity, he oversaw FDIC operations and policy related to deposit insurance pricing, bank supervision, and financial stability and bank resolution. He served as Chair of the FDIC’s Bank Appeals and Audit Committees, and served as Director of NeighborWorks America, which was established by Congress in 1978 to address housing issues nationwide. He also served as a member of the International Association of Deposit Insurers’ board from 2012 to 2017, and as the President and Chairman from October 2015 to October 2017.
Previously, Mr. Hoenig was President and Chief Executive Officer of the Federal Reserve Bank of Kansas City and a member of the Federal Reserve System's Federal Open Market Committee from 1991 to 2011. Mr. Hoenig was with the Federal Reserve for 38 years, beginning as an economist and then as a senior officer in banking supervision. As President and Chief Executive Officer, he led the Federal Reserve Bank of Kansas City during the Great Recession and the banking crisis of 2008 and 2009.
During his time with the Federal Reserve, Mr. Hoenig chaired several key committees including the Conference of Presidents, the Committee on Bank Supervision, Regulation and Legislation, and the Information Technology Oversight Committee. Also, during his tenure, Mr. Hoenig organized and hosted the Federal Reserve Bank of Kansas City’s Jackson Hole economic symposium for global central bankers.
Mr. Hoenig is from Fort Madison, Iowa and received a doctorate in economics from Iowa State University.
Latest Work
- | Financial Markets Financial Markets
- | TV Appearance TV Appearance
Fed Will Pay a ‘Pretty’ Price if They ‘Give up Too Soon' | Fox Business Network
- | Monetary Policy Monetary Policy
- | TV Appearance TV Appearance
Three Rate Cuts ‘Would Be a Surprise to Me’ at This Point | CNBC’s “Squawk Box”
- | Financial Markets Financial Markets
- | TV Appearance TV Appearance
Jerome Powell Is Fearful of Reigniting Inflation | Fox Business Network
- | Financial Markets Financial Markets
- | TV Appearance TV Appearance
Not Convinced the Fed Will Cut Rates in June | CNBC
- | Monetary Policy Monetary Policy
- | TV Appearance TV Appearance
Three Rate Cuts This Year Would Be a Surprise | CNBC
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Monetary Policy: Narrowing Discretion, Improving Outcomes | FinRegRag
- | Monetary Policy Monetary Policy
- | Podcast Appearance Podcast Appearance
Monetary Policy at a Crossroads | The Concord Coalition’s “Facing the Future”
- | Financial Markets Financial Markets
- | TV Appearance TV Appearance
Fed Chair Powell Giving Dovish Comments ‘Would Be a Mistake' | Fox Business Network
- | Financial Markets Financial Markets
- | TV Appearance TV Appearance
The Fed Meeting | Bloomberg Daybreak: Asia
- | Regulation Regulation
- | Federal Testimonies Federal Testimonies
Response to Representative Andy Barr and Representative Maxine Waters
Latest Work
- | Financial Markets Financial Markets
- | TV Appearance TV Appearance
Fed Will Pay a ‘Pretty’ Price if They ‘Give up Too Soon' | Fox Business Network
- | Monetary Policy Monetary Policy
- | TV Appearance TV Appearance
Three Rate Cuts ‘Would Be a Surprise to Me’ at This Point | CNBC’s “Squawk Box”
- | Financial Markets Financial Markets
- | TV Appearance TV Appearance
Jerome Powell Is Fearful of Reigniting Inflation | Fox Business Network
- | Financial Markets Financial Markets
- | TV Appearance TV Appearance
Not Convinced the Fed Will Cut Rates in June | CNBC
- | Monetary Policy Monetary Policy
- | TV Appearance TV Appearance
Three Rate Cuts This Year Would Be a Surprise | CNBC
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Monetary Policy: Narrowing Discretion, Improving Outcomes | FinRegRag
- | Monetary Policy Monetary Policy
- | Podcast Appearance Podcast Appearance
Monetary Policy at a Crossroads | The Concord Coalition’s “Facing the Future”
- | Financial Markets Financial Markets
- | TV Appearance TV Appearance
Fed Chair Powell Giving Dovish Comments ‘Would Be a Mistake' | Fox Business Network
- | Financial Markets Financial Markets
- | TV Appearance TV Appearance
The Fed Meeting | Bloomberg Daybreak: Asia
- | Regulation Regulation
- | Federal Testimonies Federal Testimonies
Response to Representative Andy Barr and Representative Maxine Waters
Latest Work
- | Financial Markets Financial Markets
- | TV Appearance TV Appearance
Fed Will Pay a ‘Pretty’ Price if They ‘Give up Too Soon' | Fox Business Network
- | Monetary Policy Monetary Policy
- | TV Appearance TV Appearance
Three Rate Cuts ‘Would Be a Surprise to Me’ at This Point | CNBC’s “Squawk Box”
- | Financial Markets Financial Markets
- | TV Appearance TV Appearance
Jerome Powell Is Fearful of Reigniting Inflation | Fox Business Network
- | Financial Markets Financial Markets
- | TV Appearance TV Appearance
Not Convinced the Fed Will Cut Rates in June | CNBC
- | Monetary Policy Monetary Policy
- | TV Appearance TV Appearance
Three Rate Cuts This Year Would Be a Surprise | CNBC
- | Monetary Policy Monetary Policy
- | Podcast Appearance Podcast Appearance
Monetary Policy at a Crossroads | The Concord Coalition’s “Facing the Future”
- | Financial Markets Financial Markets
- | TV Appearance TV Appearance
Fed Chair Powell Giving Dovish Comments ‘Would Be a Mistake' | Fox Business Network
- | Financial Markets Financial Markets
- | TV Appearance TV Appearance
The Fed Meeting | Bloomberg Daybreak: Asia
- | Financial Markets Financial Markets
- | TV Appearance TV Appearance
Hoenig Details What To Expect From the Fed Next Week | Fox Business Network
- | Podcast Appearance Podcast Appearance
Inflation and the Economy | Newt’s World
Latest Work
- | Regulation Regulation
- | Federal Testimonies Federal Testimonies
Response to Representative Andy Barr and Representative Maxine Waters
- | Financial Markets Financial Markets
- | Federal Testimonies Federal Testimonies
Basel Risk-Weighted Capital Standards: History of Poor Outcomes
- | Financial Markets Financial Markets
- | Public Interest Comments Public Interest Comments
ANPR Resolution-Related Resource Requirements for Large Banking Organizations
- | Financial Markets Financial Markets
- | Public Interest Comments Public Interest Comments
The FDIC Should Restore the OSA or, at Minimum, Solicit Public Views before Regressing to the SARC
- | Financial Markets Financial Markets
- | Public Interest Comments Public Interest Comments
The FDIC Should Restore the OSA or, at Minimum, Solicit Public Views before Regressing to the SARC
- | Financial Markets Financial Markets
- | Public Interest Comments Public Interest Comments
Benefits, Costs, and Design Considerations of a Central Bank Digital Currency
- | Financial Markets Financial Markets
- | Public Interest Comments Public Interest Comments
Proposed Leverage Buffer and Credit Risk Transfer Rules Contradict the FHFA's Goals
- | Financial Markets Financial Markets
- | Public Interest Comments Public Interest Comments
Proposed Fed Guidelines Should Be Refined to Ensure Access and Competition in Payments Services
- | Financial Markets Financial Markets
- | Public Interest Comments Public Interest Comments
Comment on FHFA Proposed Capital Framework
- | Monetary Policy Monetary Policy
- | Public Interest Comments Public Interest Comments
FedNow Portends a More Competitive and Resilient Payments System
Latest Work
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Monetary Policy: Narrowing Discretion, Improving Outcomes | FinRegRag
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Walking the Federal Reserve’s Policy Tightrope | Discourse
- | Antitrust and Competition Antitrust and Competition
- | Expert Commentary Expert Commentary
Basel Risk-Weighted Capital Standards: History of Poor Outcomes | FinRegRag
- | Expert Commentary Expert Commentary
Bank Resilience: Equity Capital Versus Long-Term Debt | FinRegRag
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Basel III Endgame: Capital Rules for Technocrats | FinRegRag (Substack)
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
More Uncertainty on the Horizon, Banks Still Under Pressure: Former Kansas City Fed President | BNN Bloomberg’s “The Close”
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Market Discipline First Requires Policy Discipline | Discourse
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
The Fed’s Hard Look at Banks Comes Up Short | Barron's
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Knocking on the Central Bank’s Door | FinRegRag
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary