Cautious optimism on recovery from Fed's Ferguson

SWEDEN - Federal Reserve Board vice-chairman Roger Ferguson delivered a buoyant appraisal of the US economy in an interview published in Swedish newspaper on Friday. "I am cautiously optimistic about the US cyclical development. A recovery is on its way after one of the shortest and the most shallow recessions in the United States' history. The data that has come in recently shows it," Ferguson said in an interview with Swedish daily Svenska Dagbladet.

"But I am still not sure of the profile o