St Louis' Poole on inflation & financial stability

In the speech 'Inflation, financial stability and economic growth' given on 5 March William Poole of the Federal Reserve Bank of St. Louis said low inflation must be a central bank's prime goal, adding this had helped cushion the U.S. economy from its cooling housing market.

"We have seen little fallout from the ending of the housing boom," he told a business audience at an event staged here by the Global Interdependence Center of the University of Pennsylvania.

"Needless to say, I doubt that our

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