Fed’s Bullard: More Easing Unlikely

“The Federal Reserve could resort to more quantitative easing if the U.S. economy deteriorates, but this situation is unlikely as it is on track for a moderate recovery, an official of the U.S. central bank said on Thursday.

Europe is a potential risk to the global economy and it is up to European governments to follow a plan that reassures financial markets they can repay their debt, St. Louis Federal Reserve President James Bullard told reporters in Tokyo.

Investors are on edge amid doubts about whether Spain can afford to bail out its banking sector and whether voters in Greece will reject strict fiscal austerity measures in an election in mi-June.”

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