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Fed’s Hoenig Says U.S. Will Emerge From Crisis With a Stronger Economy

The Federal Reserve's Thomas Hoenig said he will be more anxious than others to raise rates when feasible. The Bank of Kansas City President was speaking at a bank-sponsored forum in Nebraska.

Hoenig said inflation in the U.S. at 5.5% is too high, and will have a long-run impact on the economy. High commodity prices have put pressure on finished goods prices, he said...