×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: Fed | Bullard | Europe | Crisis | Wake-up | Call | US

Fed's Bullard: Europe's Crisis Is Wake-up Call for US

Wednesday, 01 December 2010 12:59 PM EST

The debt situation in Europe is a "wake-up call" for the United States to get its long-term fiscal situation under control, a top Federal Reserve official said Wednesday.

"You can get in so much trouble by borrowing too much," St Louis Federal Reserve Bank President James Bullard told Fox Business Network in an interview. "We should take that lesson to heart here in the U.S."

Bullard, a voter this year on the Fed's policy-setting committee, said he is "cautiously optimistic about the U.S. economy. "We are very close to being able to get a strong recovery going in 2011."

© 2022 Thomson/Reuters. All rights reserved.


FinanceNews
The debt situation in Europe is a wake-up call for the United States to get its long-term fiscal situation under control, a top Federal Reserve official said Wednesday. You can get in so much trouble by borrowing too much, St Louis Federal Reserve Bank President James...
Fed,Bullard,Europe,Crisis,Wake-up,Call,US
99
2010-59-01
Wednesday, 01 December 2010 12:59 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved