MS. BURNETT: John Harwood will be with us on the other side of our conversation with Chairman Frank. And let's get straight to that. Again, the headline in case Chairman Frank didn't yet hear it, St. Louis Fed President James Ballard said he thinks the U.S. is closer to a Japanese-style outcome than ever before, which is a perilous statement, given Japan's been hovering around recession for 20 years and battling deflation. ...

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