St Louis Fed's Poole on the monetary policy model

In the speech 'The monetary policy model' given on 11 September William Poole of the Federal Reserve Bank of St. Louis said the U.S. central bank could do a better job of explaining its policy aims.

"I do not believe that uncertainty about the Fed's inflation objective is large at present, but do believe that there is an opportunity to improve clarity," he said in the text of a speech released in advance to the media.

Poole, who is not a voting member of the Fed's policy-setting committee this

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