Federal Reserve Bank of St. Louis president James Bullard said Monday that macroeconomic uncertainties from domestic and international sources are likely to "dissipate," providing for "reasonably good" economic growth and faster job gains.

However, he warned in a presentation prepared for Kentucky Day in Louisville that those uncertainties could intensify, and if that happens, "all bets are off" with regard to the timing of monetary-policy normalization, reversing the Federal Reserve Board's quantitative easing.

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