Feb. 24 (Bloomberg) -- James Bullard, president of the Federal Reserve Bank of St. Louis, said today that the U.S. economy may grow 3 percent in 2012, while unemployment may drop to 7.8 percent by the end of the year.

Speaking in an interview on CNBC television, Bullard said he wouldn’t take the possibility of a third round of quantitative easing “off the table.”

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