Fed's Hoenig on Monetary Policy, U.S. Economy

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Aug. 25 (Bloomberg) -- Federal Reserve Bank of Kansas City President Thomas Hoenig talks with Bloomberg's Michael McKee about the Fed's ability to help the U.S. economy. Hoenig says there's a limit to how much more the central bank can do and that the focus should now be on solving the country's fiscal problems. Hoenig also discusses the Fed's mandate, the outlook for monetary policy and business sentiment. They speak at the Fed's annual symposium in Jackson Hole, Wyoming. (Source: Bloomberg)

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