NASHVILLE, Tenn. May 12 St. Louis Federal
Reserve President James Bullard on Wednesday said risks to the
U.S. recovery from the European sovereign debt crisis are not
high but the situation requires close monitoring.
"It's possible that Europe would slow down and that would
feed back to the U.S., it's also possible that there could be
contagion effects," he told reporters after a speech.
"At the end of the day I don't think the risks are that high
right now but we want to be careful ... I think the recovery is
fairly robust, and I think it will continue, and we're facing
risk, but they're not that high at this moment," he said.
(Reporting by Mark Felsenthal, Editing by Chizu Nomiyama)