CHATHAM, Mass. — Federal Reserve vice chairman Donald Kohn said yesterday that the government policy of considering some financial institutions “too big to fail” is a serious problem in need of solution, but it did not cause the financial crisis.

Kohn, making an unscheduled comment during a Boston Federal Reserve Bank conference, also expressed his discomfort with the major role the Fed has played in providing liquidity to financial institutions during the breakdown of inter-bank funding markets.

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