Vanessa Nakate to Open Giving Black Conference 2026 With Climate Justice Keynote
2 weeks ago
United States Thomas Hoenig is a financial expert known for his prominent roles at the Federal Reserve Bank of Kansas City and the FDIC, offering valuable insights into banking regulation and economic policy.
Thomas M. Hoenig served as the Vice Chairman of the FDIC from November 30, 2012, to April 30, 2018. Confirmed by the Senate, he played a key role in the organization responsible for maintaining stability and public confidence in the nation's financial system.
From 1991 to 2011, Thomas Hoenig was the President of the Federal Reserve Bank of Kansas City. He also served as a Member of the Federal Open Market Committee, contributing to the formation of national monetary policy.
Thomas Hoenig is a Distinguished Senior Fellow at the Mercatus Center, a university-based research center that advances knowledge about how markets work to improve people's lives.
Thomas Hoenig earned his M.A. and Ph.D. degrees in economics from Iowa State University. The university highlights his significant contributions to economics and public service.
Hoenig served as the Chairman of the Board of Directors for Benedictine College from 1992 to 2005. He also earned his B.A. in economics and mathematics from the institution.
Thomas Hoenig is a member of the Board of Trustees for the Ewing Marion Kauffman Foundation, an organization focused on entrepreneurship and education.
Hoenig serves on the board of directors of Midwest Research Institute, a non-profit organization that conducts research for federal agencies and private industry.
Thomas Hoenig serves on the board of directors for Union Station, a Kansas City landmark and cultural institution.
Hoenig has lectured on the U.S. banking and regulatory system for the People's Bank of China, sharing his expertise with the central bank of the People's Republic of China.
Thomas Hoenig has served as an instructor of economics at the University of Missouri-Kansas City.
Thomas Michael Hoenig was born on September 6, 1946, in Fort Madison, Iowa, where his early life involved working for his father’s plumbing business, an experience he credits with shaping his understanding of basic economics and work ethic. He pursued higher education, earning a B.A. in economics and mathematics from Benedictine College, followed by M.A. and Ph.D. degrees in economics from Iowa State University. Hoenig’s career in financial institutions began in 1973 when he joined the Federal Reserve Bank of Kansas City as an economist in banking supervision, steadily advancing through the ranks to become vice president in 1981 and senior vice president in 1986.
Hoenig reached a significant career milestone in 1991, becoming the President of the Federal Reserve Bank of Kansas City, a position he held for two decades until 2011. During his tenure, he was also a member of the Federal Open Market Committee, where his views often diverged from the majority, particularly regarding monetary policy and inflation. He gained a reputation as an “anti-inflation hawk” and an advocate for stringent banking regulation, famously criticizing the “too big to fail” approach to financial institutions.
After his time at the Federal Reserve, Hoenig was nominated by President Barack Obama and confirmed as Vice Chairman of the Federal Deposit Insurance Corporation (FDIC), serving from November 2012 to April 2018. In this role, he continued to emphasize financial stability and accountability. Since 2019, he has been a Distinguished Senior Fellow at the Mercatus Center, continuing to contribute to economic discourse and policy research.
Curious about our offerings or have inquiries? We're eager to assist!
Just complete the form, and we'll respond promptly.
