Written by By Greg Brown

Kansas City Fed President Thomas Hoenig says the recovery simply cannot be sped up and that Fed Chief Ben Bernanke’s efforts to avoid a double-dip by printing money are nothing less than “a bargain with the devil.”

Hoenig has been a sometimes lonely dissenter on the Fed’s rate-setting committee, which meets Tuesday. He fears that the latest foray into easy money, the $600 billion bond-buyback plan announced in November, is an unusually risky move.

He also believes that the repeated promises to keep rates at virtually zero for “an extended period” are a mistake.

Hoenig says that... http://www.moneynews.com/StreetTalk/Hoenig-Bernanke-Deal-Devil/2010/12/1...