Thomas Hoenig: Inflation Not Coming Down

The transcript discusses the current economic situation, focusing on inflation trends, interest rates, and the Federal Reserve's monetary policy. It highlights the potential for continued inflation due to economic momentum and stimulus. The conversation also touches on employment's role in economic stability and the implications of banking supervision changes, particularly regarding capital buffer rules.

How does the speaker view the potential for economic momentum and its impact on inflation?

What does the speaker suggest about the relationship between employment reports and inflation?

Discuss the concerns regarding the banking industry's capital ratios in an inflationary environment.