News Headline Summary

Fed's Bullard says critical president Obama and US congress tackle fiscal cliff to avoid drag on US economy

Says:

- It's unlikely Fed will extend operation twist.
- Fed could decide to purchase other assets if it decides not to extend operation twist.
- Sticking with forecast for GDP growth of 3.5% in 2013, expects US to avoid fiscal cliff.
- Unemployment claims suggest continued improvement.

Print 02:08, 09 Nov 2012 - Asian News - Source: Newswires