JONESBORO, Ark. - The global economy is seeing a decline in macroeconomic uncertainty as aftereffects of the financial crisis begin to wane, and if the trend continues as expected it will be bullish for the U.S. economy, St. Louis Federal Reserve Bank President James Bullard said Wednesday.

Echoing his recent more optimistic outlook for the U.S. economy, Bullard, who is a voting member of the policy-setting Federal Open Market Committee this year, cited several factors contributing to the declining uncertainty, including the partial resolution of the fiscal cliff and an improved environment in Europe.

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