Fed’s Bullard Sees Europe as Top Risk to U.S. Economic Outlook
This article is for subscribers only.
Federal Reserve Bank of St. Louis President James Bullard said the European sovereign-debt crisis has surpassed rising oil prices to become the biggest risk to the economic outlook in the U.S.
“I would have said oil a few weeks ago, but now with those prices retreating, just sitting here today, I’m a little more worried about Europe than anything else,” Bullard said today in an interview at Bloomberg’s global headquarters in New York.