May 26, 2010 Reading Time: < 1 minute

“A top Federal Reserve official said on Tuesday that European debt woes pose a risk to the US economic recovery, but expressed confidence the danger of contagion was small.
‘It’s hard to see a banking crisis,’ St. Louis Federal Reserve Bank President James Bullard told Reuters Insider in an interview.
‘It might be expensive, there might be other ramifications, but it’s hard to see a global flare-up,’ he said.” Read more.

“US exposed to Europe debt woes: Fed official”
Moneycontrol.com News Center, May 26, 2010.

Image by Salvatore Vuono / FreeDigitalPhotos.net.

Tom Duncan

Get notified of new articles from Tom Duncan and AIER.