Fed's Bullard says financial crashes merit study

ST. LOUIS Thu Oct 21, 2010 10:11am EDT

ST. LOUIS Oct 21 (Reuters) - St. Louis Federal Reserve Bank President James Bullard said on Thursday it is not precisely understood why weakened financial systems cause slow economic recoveries.

Bullard did not comment on the outlook for the economy or monetary policy in brief opening remarks at an academic conference sponsored by his institution.