Fed's Bullard Says QE3 Would Have 'High Hurdle,' Fed Has 'Done What We Can Do'
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St. Louis Fed President James Bullard making some comments on Bloomberg TV:
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- concerned by low yields on Treasuries
- housing affordability is at a "great level"
- QE3 would have a pretty "high hurdle"
- Fed has "done what we can do"
- expecting a "long, drawn-out scenario" for Europe
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