Photo Courtesy of Reuters/ Tami ChappellTom "The Bomb" Hoenig has about had it up to here with all this quantitative easing chatter! If Messrs Bernanke and Yellen don't knock off this cheap money kick, Hoenig may just have to layeth the smacketh down. Speaking before the National Association of Business Economics on Tuesday, Hoenig (who is a Fed inflation hawk) announced that "...the benefits are likely to be smaller than the costs," regarding a further round of Fed easing. Upon hearing Hoenig's comments an incensed Chairman Bernanke was heard to respond, "Tom better shut his 'effing mouth before I shut it for him!"
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