Benedictine Alumn Tom Hoenig featured in POLITICO Magazine

Benedictine Alumnus Tom Hoenig Featured in POLITICO Magazine

Benedictine President Stephen Minnis, Tom Hoenig and Paul Thompson during the Thompson Medal Ceremony.

Benedictine College President Stephen Minnis, Thomas Hoenig, and Paul Thompson
during the 2019 Thompson Medal ceremony.

Benedictine College is understandably proud of alumnus Thomas M. Hoenig from the Class of ’68. He is not only the former president of the Federal Reserve Bank of Kansas City and former vice chairman of the FDIC but is also the former chairman of the board for Benedictine. He has been recognized with the Kansas Monk Award (2000) and he and his wife, Cynthia, were honored with the Cross of the Order of St. Benedict (2006).

Hoenig was also the 2019 recipient of the Thompson Medal, given by Benedictine College’s Thompson Center for Integrity in Finance and Economics in association with the Thompson family and Country Club Bank. The Thompson Medal is given each year to a principled leader in finance, economics, banking or entrepreneurship who exemplifies the ideals of Byron Thompson, the late founder of Country Club Bank.

Hoenig has been noted for his fiscal responsibility in profile articles in Time magazine (Feb. 14, 2011) and Bloomberg Businessweek (Sept. 23, 2010), and has been featured in USA Today, The New York Times, and The Wall Street Journal.  At times, he was criticized for his resistance to the extremely low interest rates instituted by the Federal Reserve Bank’s Federal Open Market Committee, where he was often the sole dissenting vote.

Now, some experts are beginning to think Hoenig may have had it right the whole time. A recent issue of POLITICO Magazine contains an extensive interview written by Christopher Leonard in which Hoenig discusses interest rates, inflation, stock market bubbles, and the potential of history repeating itself.

You can read the article here.