Speech by William Poole, St Louis Fed Bank, 26 Aug

SPEECH - In the speech titled 'Taking Stock: the State of the Business Recovery' Poole said it was unlikely the US economy would slip back into recession, noting that a "double-dip" recession has only occurred once since WW2. He credited strategies by the Federal Reserve, citing two indicators of economic strength: Inflation remains low and steady, while productivity growth is up. Poole suggested that the next move in US interest rates may well be up but added that there were circumstances under

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