Fed's Bullard: European woes show risks to recovery

St. LOUIS Feb 5 (Reuters) - A senior U.S. Federal Reserve official said on Friday that the economic recovery looks on track but the European debt crisis shows the recovery is still fragile.

"Some of the risks are that there would be renewed financial market turmoil, so what you've seen in the discussion of the problems of Greece, Portugal and other countries in Europe ... is the idea that you could get renewed national market turmoil," St. Louis Federal Reserve President James Bullard said on a panel at Washington University.

"I do not think that's in our future," added Bullard, "I do not see a return to the turmoil we saw in the fall of 2008, or in 2009, even though I think the sovereign debt problem is an issue."

Bullard is a voting member on the Fed's interest-rate setting panel. (Editing by Leslie Adler)