Reuters – A Federal Reserve official said on Monday that the U.S. economy faced “significant weaknesses” and urged policymakers to allow large financial institutions to fail if needed.

Original post:
Fed’s Hoenig says significant weakness in economy
(Reuters)

Similar Posts:

• Fed’s Hoenig says recovery will take time: TV
  (Reuters)
• Fed’s Hoenig says mustn’t wait too long to tighten
  (Reuters)
• Fed’s Yellen: U.S. economy still needs ultra-low rates
  (Reuters)
• Fed’s Hoenig: Fiscal strains pressuring Fed
  (Reuters)
• Fed’s Hoenig says fiscal strains pressuring Fed
  (Reuters)
• Fed’s Warsh warns of false optimism on U.S. economy
  (Reuters)