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Fed’s Bullard on the Wires


  • U.S. Economic data ‘better than expected’
  • Fed never takes anything ‘off the table’ on policy
  • The probability of a serious meltdown in Europe has weakened
  • The fed rate will rely strongly on economic performance
  • U.S. still faces risks from Europe crisis
  • $4 dollars for gasoline not slowing consumers down
  • $5 dollars for gasoline would change priority of many drivers
  • Progress shown in Europe on “fiscal pact”
  • U.S. could weather a recession in Europe
  • Does not want to ‘reinflate’ U.S. housing bubble