2024 Truman Medal for Economic Policy
The Truman Library Institute, Economic Club of Kansas City and Henry W. Bloch School of Management are proud to announce that Thomas Hoenig will be awarded the 2024 Truman Medal for Economic Policy!
SAVE THE DATE!
THURSDAY, OCTOBER 10, 2024
Truman Forum, Kansas City Public Library–Plaza Branch
4801 Main St. Kansas City, MO 64112
The Truman Library Institute, Economic Club of Kansas City and Henry W. Bloch School of Management proudly announce that the 2024 Truman Medal for Economic Policy will be awarded to Thomas Hoenig Distinguished Senior Fellow at the Mercatus Center at George Mason University. Prior to joining the Mercatus Center, Mr. Hoenig served as Vice Chairman of the Federal Deposit Insurance Corporation from 2012 until 2018.
Awarded biennially, the Truman Medal for Economic Policy provides a forum to recognize exceptional economic policy contributions. The award’s name reflects the role President Harry S. Truman played in the creation of the Council of Economic Advisers.
The award presentation will take place in Kansas City, Missouri on October 10, 2024. Sponsor packages and tickets will go on sale Summer 2024. Watch this page for further announcements.
Thomas Hoenig, Honoree
Thomas Hoenig is a Distinguished Senior Fellow at the Mercatus Center at George Mason University. Prior to joining the Mercatus Center, Mr. Hoenig served as Vice Chairman of the Federal Deposit Insurance Corporation from 2012 until 2018. In that capacity, he oversaw FDIC operations and policy related to deposit insurance pricing, bank supervision, and financial stability and bank resolution. He served as Director of NeighborWorks America, which was established by Congress in 1978 to address housing issues nationwide. He also served as a member of the International Association of Deposit Insurers’ board from 2012 to 2017, and as the President and Chairman from October 2015 to October 2017.
Previously, Mr. Hoenig was President and Chief Executive Officer of the Federal Reserve Bank of Kansas City and a member of the Federal Reserve System’s Federal Open Market Committee from 1991 to 2011. Mr. Hoenig was with the Federal Reserve for 38 years, beginning as an economist and then as a senior officer in banking supervision. As President and Chief Executive Officer, he led the Federal Reserve Bank of Kansas City during the Great Recession and the banking crisis of 2008 and 2009.
During his time with the Federal Reserve, Mr. Hoenig chaired several key committees including the Conference of Presidents, the Committee on Bank Supervision, Regulation and Legislation, and the Information Technology Oversight Committee. Also, during his tenure Mr. Hoenig organized and hosted the Federal Reserve Bank of Kansas City’s Jackson Hole economic symposium for global central bankers. In 2022, author Chris Leonard’s book, The Lords of Easy Money, prominently featured a detailed accounting of Tom Hoenig’s role on the FOMC and at the FDIC during the financial crisis and the years of turmoil in banking that followed that crisis.
Mr. Hoenig is from Fort Madison, Iowa. He received a BA degree in economics and mathematics from Benedictine College, and a doctorate in economics from Iowa State University.
The Medal
The Truman Medal for Economic Policy was created in 2005 to recognize extraordinary achievement in the formation and conduct of economic policy. The Medal is given biennially at an awards ceremony in Kansas City, Missouri. The Truman Medal for Economic Policy reflects on the creation of the Council of Economic Advisers (CEA) under President Harry S. Truman. The CEA was established by the Employment Act of 1946, which President Truman signed on February 20, 1946. The act committed the government, as Truman described it, “to take any and all measures necessary for a healthy economy.”
Past Recipients
2005 Alan Greenspan
2007 George P. Shultz
2009 Paul A. Volcker
2011 Allan H. Meltzer
2013 Alice M. Rivlin
2015 John B. Taylor
2017 Robert J. Shiller
2019 Janet L. Yellen
2022 Roger W. Ferguson, Jr.
Click here to view the 2022 Event Album
Truman Medal Organizing Partners
Truman Library Institute
Economic Club of Kansas City
Henry W. Bloch School of Management
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