- speaking in Abu Dhabi
- repeats call for reduced bond buying
- says US economy slowly starting to move forward but not accelerate
- says businesses are strong,balance sheets restructured. now need sense of clarity and direction
- sees enormous amount of acquisition activity by US companies in europe and emerging markets
- Cyprus case is unique.was a depository for hot money
- the difficulty in Cyprus rescue is what it signals to other depositors around the world as depositors run economies
- real problem in us economy is fiscal, not monetary, policy.