Poole on the state of the U.S. economy

In a speech on 'State of the U.S. Economy' given on 20 February, William Poole of the Federal Reserve Bank of St. Louis said he saw the U.S. economy growing 4 to 5 percent this year and this growth should generate "significant increases" in employment.

Poole told his audience it was the Fed's inflation-fighting credibility that allowed it to say in its last post-meeting statement that it could be "patient" on interest-rate increases. The St Louis Fed President is a voting member of the rate

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