Hoenig Cautions Against Expecting Three Rate Cuts Amid Economic Resilience Former Federal Reserve President Thomas Hoenig expressed surprise at the prospect of the Federal Reserve cutting interest rates three times in 2024, considering the current economic landscape. Speaking on CNBC’s “Squawk on the Street,” Hoenig suggested that, based on the resilience of the economy, persistent inflation above 3%, strong consumer spending, and low unemployment rates, one or two rate cuts would be more probable than three. His comments reflect skepticism about the need for such aggressive monetary policy easing given the economy’s enduring strength. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts How Productivity Gains Could Shape the Fed's Inflation Battle READ MORE The Day the Hunt Brothers Capped the Price of Gold READ MORE ZeroHedge: Gold/Silver: Four Fed Speakers today, Key Levels to Watch READ MORE Bond King' Bill Gross Warns of Potential Recession and Overvalued Stocks READ MORE Gold Expert Talks 2024 Outlook, Plus Forecast for Silver, Platinum and Palladium READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment