Speech by William Poole of the St. Louis Fed Bank

SPEECH - In the speech given 11 January 'What is Happening in the U.S. Economy?' Poole gave little direct insight into the Fed's intentions regarding interest rates. The Fed "is ready to act when required" and "ready to do nothing, when required," he said.

*Robert H. Rasche, Senior Vice President and Director of Research at the Federal Reserve Bank of St. Louis, provided extensive assistance, but I take full responsibility for errors. The views expressed are mine and do not necessarily reflect

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