Telegraph
"The Federal Reserve's leading opponent against more quantitative easing said there's "no strong evidence" it will work, as the minutes from the central bank's last meeting cemented expectations that his colleagues believe more money printing is necessary. ......Thomas Hoenig, the president of the Federal Reserve Bank of Kansas, on Tuesday launched his most strident attack yet against QE, arguing it would not help drive an economic recovery.
"There is simply no evidence the additional liquidity would be particularly effective in spurring new investment, accelerating consumption, or cushioning or accelerating the deleveraging that is hopefully winding down," Mr Hoenig told an audience in Denver. "
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