KANSAS CITY, Mo. — Thomas Hoenig, the president of the Federal Reserve Bank of Kansas City, one of the most outspoken members of the Federal Open Market Committee, has never been shy when it comes to his opinion.

As his 20-year tenure comes to a close on Oct. 1, Hoenig sat down with American Banker to talk about a range of topics, including the missed opportunity to eliminate 'too big to fail' in Dodd-Frank, his duty to be forthright as the longest serving policy maker, and what his future plans might be — including the prospect of moving to Washington. This is an abridged edited version of the interview with Hoenig.

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