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Fed's Bullard-deflation risks easing

Mon Jun 15, 2009 11:06pm IST
 
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WASHINGTON, June 15 (Reuters) - Risks of a dangerous U.S. deflationary spiral are easing, financial conditions are stabilizing and the economy is on track for growth in the second half of the year, St. Louis Federal Reserve James Bullard said on Monday.

"There's a lot of signs financial stress is abating here," he said in an interview with CNBC. (Reporting by Mark Felsenthal)

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