FED roundup

Fed’s Fisher calls the bottom in the housing market
Fed's Fisher says there is a lot of liquidity in the system
- US economy is just above stall speed but moving forward
- the Fed has done too much
- is not worried about inflation at present, but is still worried about job creation
- US lawmakers must provide more clarity on tax policy, congress making it hard for Fed to achieve its goals
- sees US growth at around 2.4% and likely growth rate weaker than desired
Says he has seen a 'turn' Guess he missed today's pending home sales numbers. He notes there is 'a lot of liquidity in the system' and that he is a 'little more optimistic' than his colleagues.

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Fed's Dudley: May take months to get handle on job data
Dudley: Hard to gauge job data given warm weather
Dudley:Labor market is strengthening slowly
Dudley: U.S. banks in better shape for any shock
Dudley: U.S. exposure to Europe periphery 'modest'
Dudley: Big risk from Europe is if banks pull back