4.7 • 6.3K Ratings
🗓️ 21 April 2022
⏱️ 31 minutes
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We are experiencing the highest inflation in 40 years. The Federal Reserve has raised interest rates to try to curb inflation, but did they act too late? And, are we headed towards a recession? Newt’s guest is Thomas Hoenig, former Vice Chairman of the Federal Deposit Insurance Corporation and former President and Chief Executive Officer of the Federal Reserve Bank of Kansas City. He currently is a Distinguished Senior Fellow at the Mercatus Center at George Mason University.
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0:31.0 | Hi, this is Newt. |
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1:04.0 | On this episode of Newt's World, we're experiencing the highest inflation in 40 years at 8.5%. |
1:14.0 | The Federal Reserve has raised interest rates to try to curb inflation but at the act too late. |
1:19.0 | And the price of gas to fill up your car has increased significantly, costing the average American driver $56 more per month according to Kelly Blue Book Research. |
1:30.0 | Lately, we've been hearing from economists about the possibility that we're headed towards a recession. |
1:36.0 | Here to talk about all of these issues on the economy, I'm really pleased to welcome back my guest, Thomas Honey. |
1:44.0 | He served as vice chairman of the Federal Deposit Insurance Corporation from 2012 until 2018. |
1:52.0 | He was president and chief executive officer of the Federal Reserve Bank of Kansas City. |
1:58.0 | He currently is a distinguished senior fellow at the Mercatus Center at George Mason University. |
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