let's bring in thomas hoenig this is a fascinating story right now because it's about people and twoo have a lot of fed ex peerns why is this a big deal for markets right now, between biden, powell and brainard, who gets it in your opinion? >> it's a big deal because there is so much ahead from the federal reserve in terms of the inflationary outbreak and how banks and financial institutions are going to be regulate regulad powell and brainard is similar but there are also differences in how the institutions should be siupervised. their biggest headache ahead is trying to deal with the emerging inflation and the economy going forward. so when it comes past that, it's a matter of party loyalties and, as they move forward from this point forward, but the big deal in monetary policy, i don't think there's a lot of different between the two. >> in your mind, is there a clear cut better choice, one or the other? is something happening right now with regard to jerome powell's tenure here that sheds like on whether or not he should be the future fed chair or whether or not there needs to be

we have former federal prosecutor ellie hoenig and robert ray, defended trump at his first impeachment trial, also a former white water independent counsel. gentlemen, good to see you both. >> nice to see you, chris. >> we'll do it prosecution-defense style. ellie hoenig, what is the question to the answer, do any of these have a colorable claim to not cooperate on the basis of privilege or otherwise? >> they can do it, chris, but they do it at the risk of their own prosecution. steve bannon is the clearest case to prosecute out of all these witnesses. one, the privilege is being invoked by a former president, which is an uphill climb, legally. two, steve bannon was not in the executive branch at the time of these communications. and three, even if the privilege applies, i would argue it doesn't apply to this kind of communication. it's meant to aemploy to discussions about policy, not discussions about wrong doing, which is january 6th in a nutshell. so, i think there's real reason for concern among the other witnesses, and it will be up to doj. and i think those would be righteous an

host: five more minutes with our guest thomas hoenig. we go to new york city and hear from hazel on the democrat line. caller: thank you for taking my call. are you there? host: yes we are. caller: i call before in my question was never really answered. i do not know if there was confusion. i am a middle-aged single white female, no children. i lost my job due to covid. i just got may raise in january of 2020 and then lost the job. it took me forever to find the job. i've been trying to find a job for almost two years. people that have children are getting some kind of help because they get the child tax credit. single people, middle-aged, and there are millions of us out there, that have nothing. i have nothing. can't our president do some kind of executive order to help a little bit for the older americans that lost their jobs, that has no other help? if i had kids i would get some kind of income. i am by myself, i have nobody. my mother is dying of brain cancer. can't the president tap into the unused unemployment to help a limited nu

host: our next guest thomas hoenig has served as the federal reserve bank of kansas city and is a distinguishedenior fellow at george mason university. welcome back to washington journal. guest: glad to be back. thank you for inviting me. host: we can start out picking up on the comments of the new covid variant. after the news came out on that, it was not good news on black friday, it was a bad day for the markets.

let's bring in cnn legal analyst elie hoenig, and cnn supreme court analyst joan biskupic.ng this latest decision from the judge, it essentially says i meant what i said. she decided hours ago that she's not going to side with the trump attorneys, and then they come back and ask the same question with no case, no new evidence. >> victor, that's ordinarily the way it goes. if you lose a case as donald trump just did, you usually have to start out by going back to that trial court level, district court level and say, okay, we understand we've lost, but we want you to put it on hold so the court of appeals could look at it. judges usually say no. what you do is do what donald trump is doing right now in trying to get the court of appeals take the case. will they take the case? there could be good reasons for it. if they don't stay the case, those records go over tomorrow and it moots a big part of the appeal. the court of appeals will say we'll put this on hold, unprecedented constitutional ground. we, the court of appeals, want to make a decision. >> it is likely we'll see a

david: jonathan hoenig, the great jonathan hoenig, i should say, thank you very much.hristmas parade turning deadly over the weekend. we're live in wisconsin with the very latest on this story when we return. i promise to serve, . i promise our relationship will be one of partnership and trust. i am a fiduciary, not just some of the time, but all of the time. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com what makes salonpas arthritis gel so good for arthritis pain? salonpas contains the most prescribed topical pain relief ingredient. it's clinically proven, reduces inflammation and comes in original prescription strength. salonpas. it's good medicine. as a dj, i know all about customization. that's why i love liberty mutual. they customize my car insurance, so i only pay for what i need. how about a throwback? ♪ liberty, liberty, liberty, liberty ♪ only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪ ♪. david: turnin

but fox news contributor jonathan hoenig has some doubts. inflation they always say that it's a silent text, but people exactly are feeling it because as their wages are growing up, inflation is going up. even faster supply chain issues have also given retailers a lot to make up for tomorrow as many large chains have been forced to spend more to meet demand while dealing with loss of sales due to low inventory. and labor shortages to boot. consumers may also be eyeing up markdowns that aren't as deep as they used to be, especially when factoring in that sale prices are falling on top of items that are already or expensive. in washington, alexandria off fox news. and we have you covered when it comes to holiday shopping, both online and out in the real world. just go to ktvu dot com alameda is celebrating the start of hanukkah today with a mineral lighting the fifth annual event hosted by habad of alameda, is being held at britain's park. the festivities included music, food and activities for all ages as well as a nine ft tall menorah made e

but fox news contributor jonathan hoenig has some doubts. inflation they always say that it's a silent text, but people exactly are feeling it because as their wages are growing up, inflation is going up. even faster supply chain issues have also given retailers a lot to make up for tomorrow as many large chains have been forced to spend more to meet demand while dealing with loss of sales due to low inventory. and labor shortages to boot. consumers may also be eyeing up markdowns that aren't as deep as they used to be, especially when factoring in that sale prices are falling on top of items that are already for expensive. in washington, alexandria off fox news, a reminder tonight that ktvu is annual one warm coat drive is still underway. if you have a gently warned coat or jacket you'd like to donate to bay area families. just take it to any participating ups store or big o tires. location we also have collection barrels up at jack london square in oakland, santana row in san jose and westfield san francisco center in the city. the drive c

jonathan hoenig. hedge fun manager extraordinaire.on new jersey, closer than close race. apparently governor murphy had it with his republican opponent stalling on conceding the election, that it is widened out considerably enough for phil murphy, at least his people to say give up already. here is the thing though, right now, his opponent isn't giving up already. it is getting nasty. speaking of new jersey, the former governor there, chris christie, i'm telling you, we told you on this show, he is running for president. definitely running for president and something he said over the weekend confirmed it for me. removed all doubt. if i'm wrong, i'm going to rip up, can you rip up kirsten's digital -- you can throw it out i guess. sure. we'll explain after this. ♪. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ there are beautiful ideas that remain in the dark. but with our new multi-cloud experience, you have the flexibility you need to unveil them to the world. ♪ do you have a life insurance policy you no longer need? now you can sell your policy - even a term pol

joining me now is thomas hoenig, distinguished senior fellow at the mercatus center.chief executive officer of the federal reserve bank of kansas city. what do you think the nomination will be? it’s nomination will be? it's difficult _ nomination will be? it's difficult to _ nomination will be? it's difficult to know - nomination will be? it�*s difficult to know given the amount of time that has elapsed, but the still favoured party of those two isjerome powell, and that is most likely the outcome, but as you said in your earlier comments, there is still a contender in that, and as you think about this, both jerome powell and lael brainard, from a monetary policy point of view are not that different from one another at all, both would be reasonably accommodating of monetary policy, slow to withdraw the stimulus that the federal reserve has put in where i think the difference has come is in the regulatory side, wherejerome powell is seen by most as being more prone financial industry or less regulatory impositions on the financial industry, especially wall street where

host: our next guest thomas hoenig has served as the federal reserv

alicia: jonathan hoenig, happy saturday. have a good one. >> be well. our southern border, the -- head to our southern border, the biden administration has yet to plan how it's going to treat the new covid variation threat. we'll talk with tom homan next. ♪ ♪ xfinity rewards are our way of thanking you just for being with us. enjoy rewards like movie night specials, xfinity mobile benefits, and the chance to win tickets to see watch what happens live. hey, it's me. plus, get holiday gifts for everyone on your list with great deals on fan favorites from today. join over a million members by signing up for free on the xfinity app. our thanks. your rewards. so many people are overweight now, and asking themselves, "why can't i lose weight?" for most, the reason is insulin resistance, and they don't even know they have it. conventional starvation diets don't address insulin resistance. that's why they don't work. now there's release from golo. it naturally helps reverse insulin resistance, stops sugar cravings, and releases stubborn fat all while controllin

but fox news contributor jonathan hoenig has some doubts.tion they always say that it's a silent text, but people exactly are feeling it because as their wages are growing up, inflation is going up. even faster supply chain issues have also given retailers a lot to make up for tomorrow as many large chains have been forced to spend more to meet demand while dealing with loss of sales due to low inventory. and labor shortages to boot. consumers may also be eyeing up markdowns that aren't as deep as they used to be, especially when factoring in that sale prices are falling on top of items that are already for expensive. in washington, alexandria off fox news. well despite the convenience of shopping online, there will always be people who still like to browse the shops. i like shopping in person a lot more than online. um. and i think it's nice just being able to actually see what you're getting. coming up a little later this hour. ktvu elissa harrington checks in with shoppers about their concerns with online shopping this ho it was a pretty

also joining us, elliott hoenig, the ar thor of "hatchetman." guys, thank you very much for joining us. major breaking news. an andrew, just how significant is this endime. indictment. >> it's important to remember we are not much closer to ever hearing anything from steve bannon. this would be a long process, and my guess is he will fight it every step of the way. at the end, he can always serve jail time and never speak to the committee. the most significant here is to the other witnesses who are recipients of subpoenas. many of them will not make the same choice. they're not similarly positioned to steve bannon, and an indictment will not help them publicly, so folks may start thinking twice about cooperating. >> i spect they will. >> elie, bennie thompson and the vie chair released a statement -- it should sense a clear message to anyone who thinking they can ignore the select committee, no one is above the law. we will not hesitate to used tools at our disposal to get the information we need. what does that tell you? >> wolf, this is the mo

bring in jonathan hoenig for more on this.the 1960s, started a war on poverty, okay? the war on poverty, the cato institute estimates costs $16 trillion, it has barely the moved the number of poor people in america at all for that $15 trillion. so what difference does 5 or $6 billion going to make if it goes through the same hands? >> yeah. david, in fact poverty in america had been trending downward up until lyndon johnson began the war on poverty. david -- [inaudible]. government spending -- charity has never solved poverty. what solves poverty i, david, only thing that can solve it is freedom. that is exactly what bono understands. hopefully more and more people understand. not handouts, government handouts hope people. long term structural reform. better ideas. capitalism, freedom. why the most free countries are always the most prosperous -- [inaudible]. and most poor countries you look at it are the most sub-saharan, non-capitalist non-free countries in after from. we need better ideas. david: i may have to cut out of yo

neil: thank you very much, jonathan hoenig manager, we are paying attention to the white house, a couplein china sheesh and ping, before that a big signing of the largest infra structure built in american history the guy will oversee a lot of that, the transportation secretary pete buttigieg coming up. ♪ as an independent financial advisor, i stand by these promises: i promise to be a careful steward of the things that matter to you most. i promise to bring you advice that fits your values. i promise our relationship will be one of trust and transparency. as a fiduciary, i promise to put your interests first, always. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com metastatic breast cancer is relentless, but i'm relentless every day. and having more days is possible with verzenio, proven to help you live significantly longer when taken with fulvestrant. verzenio + fulvestrant is for women with hr+, her2- metastatic breast cancer that has progressed aft

me for what we saw, which was an important moment this morning, cnn's senior legal analyst, elie hoenig and paul callan as well. elie, your take on what we saw through cross-examination for two hours this morning. >> kate, that was a clinic. that was a meticulous takedown. anyone in law school, that's how you do it. the prosecutor went one question at a time, one fact per question, got such important concessions. the two pillars of the defense, i think she knocked them down. the first is we were making this citizens arrest, but she got the witness to admit he never said anything to the police about a it a zens arrest. the jury has to be thinking that's a huge problem. the second is this idea that ahmaud arbery grabbed the gun. travis mcmichael testified on direct he grabbed the gun. that's what he said. but the prosecutor exposed that when mcmichael made a statement to the police he said, i want to say he did, i honestly cannot remember. that is devastating to the defense. >> what sticks out to you, paul? >> she's a real pro in terms of cross-examination. we were talking about her off s

let's bring in former federal prosecutor hoenig. $26 million, that is a big pay out and the jury didn'tch a consensus on the two federal claims. what is next for the white nationalist movement? can they get after that money? can they get all that money? >> in this case first of all, both sides are going to want a redo. white nationalists are going to appeal and get the damages knocked down. some of the peunitive damages ae way more than the compensatory damages. there has to be some align: watch for an appeal. as brian just said, the plaintiffs here are going to look to re-pursue their federal civil rights claims. but bigger picture, this will be a real financial hit for the white nationalist movement. it tells them, look, speech is protected. hate speech, even is protected under the first amendment. but violent hate speech is not. and if you cross that line into action and to violence, you can be held financially responsible. >> so pivoting to ahmaud arbery, interestingly, one of the defense attorneys for william roddy brig roddy bryant, he doubled down about comments about black pasto

joining me for more is elie hoenig and jennifer rogers. first, elie, can you take us inside the jury room? what happens now? >> yeah, kate, this is one of the great mysteries of our legal system. the jurors have been instructed as to the law but they're not told to do when they get in there. typically they first elect a foreperson, but then they approach it in different ways. all we are going to know is we'll get little hints periodically over the next several days. they will send out notes, ask to see certain evidence, have testimony read back to them, and we will try to figure out if that looks good or bad for one side of the other, and eventually they will hopefully send out a note that says we have a verdict and we'll take the verdict. they'll vote on each of these counts individually. it's not all guilty or all not guilty. we could have guilty on some counts, not guilty on others. >> let's jump into this, guys, because from jury instructions to closing arguments, it was a marathon day yesterday for the jury and what they were expected

joining me, cnn senior legal analyst and former federal and state prosecutor ellie hoenig.e tells cnn bannon is expected to turn himself in on monday. is that typical for the justice department to let someone who has been indicted wait three days to turn himself in? i mean, it's kind of remarkable considering he's run afoul of the law before. >> it is fairly typical when you keep in mind that this indictment came out at around 4:00 p.m. on a friday. they're having him come in to surrender on monday. now there's two ways to arrest somebody in the federal system. the hard way is where federal agents show up at your door unannounced at 6:00 a.m. and march you out in handcuffs. the easier way is you call the defendant or the defense lawyer and say, hey, we need you to surrender later today or tomorrow, and the factors you look at, one, is there violence involved, violence alleged, that does not apply to steve bannon. two, is there some reasonable expectation this person might take off, try to become a funeral -- a fugitive. i don't see that with steve bannon. you are right, he'

percent, that too would set a record for year over year growth but fox news contributor jonathan hoeniging it. inflation is going up faster. >> reporter: consumers may also be eyeing up some markdowns aren't as steep as they used to be, when factoring sales prices are falling on top of items that are already more expensive. molly: lots of folks will be watching those holiday sales. alexandria, thank you. arthel: i've got my eye on a couple of little websites for tomorrow. anyway, we're back, molly and i will be back at 4:00 eastern. please join us then. in the meantime, stick around with more news from washington. so when my windshield cracked... the experts at safelite autoglass came right to me... with service i could trust. right, girl? >> singers: ♪ safelite repair, safelite replace. ♪ hi, my name is tony cooper, and i'm going to tell you about exciting medicare advantage plans that can provide broad coverage and still may save you money on monthly premiums and prescription drugs. with original medicare you are covered for hospital stays and doctor office visits but you have to meet

thomas hoenig, good to see you this morning. thanks so much. come back soon, sir, thank you.>ing thank you for having me. good to be with you. maria: we will see you soon. happy thanksgiving, thomas, if we don't see you before then. meanwhile, some of the top stories we're watching this morning. the man accused of driving through a wisconsin christmas parade will face a judge later today. officers say darryl brooks was fleeing the scene of a he domestic disturbance when he struck and killed five people and injured dozens others of sunday. brooks has an extensive criminal history. he is a convicted sex offender. he made bail twice in wisconsin this year despite having an active warrant in nevada. he just posted $1,000 bail on charges that he intentionally ran over his child's mother with his car. the same suv in sunday's attack. one more indictment of the democrats' no cash bail or easy bail policies. democrats are in fact in disarray amid the president's plunging poll numbers. senator amy klobuchar organized a crisis meeting to discuss the party's unpopularity as evidenced by

host: five more minutes with our guest thomas hoenig.new york city and hear from hazel on the democrat line. caller: thank you for taking my call. are you there? host: yes we are. caller: i call before in my question was never really answered. i do not know if there was confusion. i am a middle-aged single white female, no children. i lost my job due to covid. i just got may raise in january of 2020 and then lost the job. it took me forever to find the job. i've been trying to find a job for almost two years. people that have children are getting some kind of help because they get the child tax credit. single people, middle-aged, and there are millions of us out there, that have nothing. i have nothing. can't our president do some kind of executive order to help a little bit for the older americans that lost their jobs, that has no other help? if i had kids i would get some kind of income. i am by myself, i have nobody. my mother is dying of brain cancer. can't the president tap into the unused unemployment to help a limited number of us

jonathan hoenig, all right, jonathan, what is your favorite inflation hedge?k of inflation as a process if, okay? it peaked in the early '80s, for example, last time around. it really started in the early 19703s. it wasn't -- 1970s, it wasn't actually a three month blip. think of inflation as a bull market in wealth creation, and i think there a's a couple of ways of diversify and still headache money one of which is zero duration bonds. it sounds out there, but these are bonds that are hedged against rising interest rates, and the easy one to remember is agzd, that's one i'm looking at that could basically offer a good long-term hedge against inflation. stuart: okay. what about gold? you used to like gold. you used to be the guy who came on here and said, hey, get me into gold. >> yeah, absolutely. i think gold is another one you can hold long term. the problem with gold for most people, stuart, for them it's all or none, and that's not the way you approach a long-term trend. again, you diversify. platinum is another, a third one which is probably the most ou

jonathan hoenig joins us now. was quite good. it gives me a lot of hope not necessarily for the experts in d.c., stuart, but for the american spirit. there's an unlimited amount of jobs in a free economy. it's not a fixed piement -- pie now is the time for the gig economy. people are starting new businesses. they want to hire people, and it's only basically three things that are getting in the way. one is government, one is taxes and one is now inflation. so those are all things these new businesses and new jobs have to worry about. but the new number, i think, has to give us hope, and the economy has to have hope that it is going so strong. stuart: new york city's mayor-elect, eric adams, says he's going to take his first three paychecks in bitcoin. i'm intrigued by this, what do you make of it? [laughter] >> well, why not in take it in beanie babies, stuart, or take it in pets.com or just take it in a ponzi scheme. i'm sorry, i know i sound like kind of a broken record on this one, but the whole point of bitcoin

but fox news contributor jonathan hoenig has some doubts inflation . they always say that it's a silent text, but people exactly are feeling it because as their wages are growing up, inflation is going up. even faster supply chain issues have also given retailers a lot to make up for as many large chains have been forced to spend more to meet demand while dealing with loss of sales due to low inventory. and labor shortages to boot. consumers may also be eyeing up markdowns that aren't as deep as they used to be, especially when factoring in that sale prices are falling on top of items that are already for expensive. in washington, alexandria off fox news. the u. s. postal service has announced its holiday shipping deadlines, the postal service says. if you plan on shipping by ground, you'll need to drop it off or have it picked up by december. 15th first class mail is december 17th with priority mail just one day after on the 18th. and if you wait until the last minute priority mail express can be dropped off until december, 23rd military ears are star