Fed's Plosser: “Fed well equipped to deal with any Europe crisis fallout”

Market news

28 May 2012

Fed's Plosser: “Fed well equipped to deal with any Europe crisis fallout”

US public shouldn't get too agitated over Europe risks
Main risk to US is if Greece causes broad bank-funding freeze
Europe concerns may spur safe-haven flow of liquidity into US
Sees US GDP growth 2.5% to 3% this year and 2013, unemployment falling

Option expiries for today's 1500GMT cut:

U.S. financial markets will be closed today. Americans celebrate the national holiday of Memorial Day

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