• 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.