Firsts Home

Fixed Income Sovereign and corporate debt, credit, and ratings
Alone with Fed official's bearish warnings 11.16.2009 Reuters scored an exclusive interview with regional Federal Reserve President Thomas Hoenigwith on Nov 16 at a banking conference in Abu Dhabi. The Kansas City Fed chief flagged significant weakness in the U.S. economy, criticized ratings agencies and said no bank should be considered too large to fail. The competitors were forced to quote the Reuters story. His remarks weighed on the U.S. dollar, which slipped 0.4 percent that day on a trade weighted basis MARKET IMPACT The U.S. dollar slipped 0.4 percent that day on a trade weighted basis Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here	firsts across any industry Commodities & Energy Energy, metals, agricultural and environmental markets FX & Money Markets Macroeconomics, monetary policy, FX and money markets Politics & Risk Politics and political risk Equity & Derivatives Companies, sectors, M&A and the financial industry Fixed Income Sovereign and corporate debt, credit, and ratings firsts by region Americas View stories from this region Europe / Middle East / Africa View stories from this region Asia View stories from this region Emerging Markets View stories from this region

Fixed Income

Sovereign and corporate debt, credit, and ratings

Alone with Fed official's bearish warnings

11.16.2009

Reuters scored an exclusive interview with regional Federal Reserve President Thomas Hoenigwith on Nov 16 at a banking conference in Abu Dhabi. The Kansas City Fed chief flagged significant weakness in the U.S. economy, criticized ratings agencies and said no bank should be considered too large to fail. The competitors were forced to quote the Reuters story. His remarks weighed on the U.S. dollar, which slipped 0.4 percent that day on a trade weighted basis