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FED CEO: Don't Expect Fast Recoveries Anymore

Comments | Posted in MacIver News Service | By MacIverNews | Posted January 11, 2013 12:45 PM

[Madison, Wisc...] James Bullard, President and CEO of the Federal Reserve Bank of St. Louis, told the Wisconsin Bankers Association on Thursday that it's not surprising the economy has been slow to recover.

In the past the US has bounced back strong after recessions. However, Bullard warns not to expect that anymore.