Federal Reserve Bank of St. Louis President James Bullard saidhe thought the U.K.'s vote to leave the European Unionwouldn't have a lasting effect on the U.S. economy, joiningCleveland Fed chief Loretta Mester in playing down the threatBrexit poses to the U.S.

“Now that the markets have had some chance to digest the move, Ithink the ultimate impact on the U.S. economy will be close tozero,” Bullard told reporters Tuesday following a speech in St.Louis.

Mester, who like Bullard is a voter this year on thepolicy-setting Federal Open Market Committee, earlier toldreporters in Sydney that due to the relatively closed nature of theU.S. in terms of its reliance on exports “I don't expect it to be abig effect on our economy.” Officials will keep Brexit in sight asthey weigh the U.S. outlook, she said.

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