Age, Biography and Wiki
Thomas M. Hoenig (Thomas Michael Hoenig) was born on 6 September, 1946 in Fort Madison, Iowa, U.S., is an American economist. Discover Thomas M. Hoenig's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 77 years old?
| Popular As |
Thomas Michael Hoenig |
| Occupation |
N/A |
| Age |
77 years old |
| Zodiac Sign |
Virgo |
| Born |
6 September 1946 |
| Birthday |
6 September |
| Birthplace |
Fort Madison, Iowa, U.S. |
| Nationality |
United States
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We recommend you to check the complete list of Famous People born on 6 September.
He is a member of famous economist with the age 77 years old group.
Thomas M. Hoenig Height, Weight & Measurements
At 77 years old, Thomas M. Hoenig height not available right now. We will update Thomas M. Hoenig's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
| Physical Status |
| Height |
Not Available |
| Weight |
Not Available |
| Body Measurements |
Not Available |
| Eye Color |
Not Available |
| Hair Color |
Not Available |
Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
| Family |
| Parents |
Not Available |
| Wife |
Not Available |
| Sibling |
Not Available |
| Children |
Not Available |
Thomas M. Hoenig Net Worth
His net worth has been growing significantly in 2023-2024. So, how much is Thomas M. Hoenig worth at the age of 77 years old? Thomas M. Hoenig’s income source is mostly from being a successful economist. He is from United States. We have estimated Thomas M. Hoenig's net worth, money, salary, income, and assets.
| Net Worth in 2024 |
$1 Million - $5 Million |
| Salary in 2024 |
Under Review |
| Net Worth in 2023 |
Pending |
| Salary in 2023 |
Under Review |
| House |
Not Available |
| Cars |
Not Available |
| Source of Income |
economist |
Thomas M. Hoenig Social Network
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| Wikipedia |
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Timeline
Thomas Michael Hoenig (born September 6, 1946) is a Distinguished Senior Fellow at the Mercatus Center.
Hoenig joined the Federal Reserve Bank of Kansas City in 1973 as an economist in the banking supervision area.
He was named a vice president in 1981 and senior vice president in 1986.
From 1991 to 2011, he served as the eighth chief executive of the Tenth District Federal Reserve Bank, in Kansas City, United States.
The retirement marks 20 years as president for Hoenig whose first day as Bank president was October 1, 1991, and 38 years of total service to the Federal Reserve.
On March 6, 2009, Hoenig presented a widely noted speech entitled 'Too Big Has Failed' critical of the approach taken to the capitalization and liquidity crises and suggesting alternate approaches.
In 2010, he was serving as a voting member of the Federal Open Market Committee, as one of five of the twelve Federal Reserve Bank presidents that sit on the Committee on a yearly rotating basis.
He is known as an "anti-inflation hawk".
Hoenig was born in Fort Madison, Iowa, where his father owned a plumbing business.
He was raised Catholic and attended Catholic schools.
Hoenig earned a B.A. in economics and mathematics from St. Benedict's College (now Benedictine College), Atchison, Kansas, and M.A. and Ph.D. degrees in economics from Iowa State University.
According to Fed salary figures released for 2010, Hoenig earned $374,400 per year, in the mid-range for the twelve regional bank chairs and considerably more than Fed chair Ben Bernanke ($199,700), whose pay is limited by law.
He has served as an instructor of economics at the University of Missouri-Kansas City and lectured on the U.S. banking and regulatory system for the People's Bank of China.
Dr. Hoenig is a member of the Board of Trustees of the Ewing Marion Kauffman Foundation and serves on the boards of directors of Midwest Research Institute and Union Station.
Again on August 13, 2010, in a speech in Lincoln, Nebraska, Hoenig criticized the then current Federal Reserve action of a zero policy rate calling it "...a dangerous gamble."
He also stated, "There may be ways to accelerate GDP growth, but, in my view, highly expansionary monetary policy is not a good option."
On March 25, 2011, Hoenig announced his intent to retire on October 1, 2011, as required under the Federal Reserve Board's mandatory retirement rules for Federal Reserve Bank Presidents.
He became a director of the Federal Deposit Insurance Corporation on April 16, 2012, and served as vice chairman from November 30, 2012 to April 30, 2018.
On April 16, 2012, Hoenig was sworn in as vice chairman and member of the board of directors of the Federal Deposit Insurance Corporation.
On April 27, 2018, Hoenig announced that he was stepping down from his role effective April 30, 2018.
On May 13, 2019, he joined the Mercatus Center as a Distinguished Senior Fellow.
