The U.S. Federal Reserve is well equipped to deal with any
fallout from Europe's escalating debt crisis, a top official told the WSJ.
"There's absolutely no reason for people in the United
States to get all in a dither," Federal Reserve Bank of Philadelphia
President Charles Plosser said in an interview with The Wall Street Journal. Plosser said that in the short run,
uncertainty in Europe might even work in the U.S. economy's favor, via lower
U.S. interest rates and energy prices.
Worries over Greece could lead to more global investment
funds being parked in the U.S., boosting liquidity….
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