The article makes a point that Hoenig did repeatedly not mentioned inflation. Instead his main point is about the inequality as well as asset bubbles QE would c

The article makes a point that Hoenig did repeatedly not mentioned inflation. Instead his main point is about the inequality as well as asset bubbles QE would cause. I think he is right, also about the point that you cannot walk back without causing massive pain in the economy. I too think central banks have painted themselves in a corner, as when central banks drop even a slight hint of changing course, panic in the markets follows.