Description: Thomas Hoenig, head of the Kansas City Federal Reserve Bank says 0% interest rates lead to inflation and economic imbalances, with an unclear long-term impact.
Source: CNNMoney.com â€“ video report
Questions for discussion:
- Do you agree with the economic arguments made by Mr Hoenig?
- What are the consequences for businesses and consumers of continuing to keep interest rates too low?
- What would your advice be to regulatory authorities?