Speech/criticism
On March 6, 2009, Hoenig presented a widely noted speech entitled 'Too Big Has Failed' critical of the approach taken to the capitalization and liquidity crises and suggesting alternate approaches.
Again on August 13, 2010, in a speech in Lincoln, Nebraska, Hoenig criticized the then current Federal Reserve action of a zero policy rate calling it "...a dangerous gamble." He also stated, "There may be ways to accelerate GDP growth, but, in my view, highly expansionary monetary policy is not a good option."
Read more about this topic: Thomas M. Hoenig
Famous quotes containing the words speech and/or criticism:
“There is the old brute, too, the savage, the hairy man who dabbles his fingers in ropes of entrails; and gobbles and belches; whose speech is guttural, visceral—well, he is here. He squats in me.”
—Virginia Woolf (1882–1941)
“A friend of mine spoke of books that are dedicated like this: “To my wife, by whose helpful criticism ...” and so on. He said the dedication should really read: “To my wife. If it had not been for her continual criticism and persistent nagging doubt as to my ability, this book would have appeared in Harper’s instead of The Hardware Age.””
—Brenda Ueland (1891–1985)