Topic - William Poole

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  • William Poole, president of the St. Louis district Fed bank, yesterday said he is not convinced the economy is endangered by the credit crunch and the central bank shouldn't consider cutting interest rates before its next meeting on Sept. 18 unless a "calamity" occurs.

    World markets take hit →

  • "Every time there's a Fed meeting, everybody is going to give speeches afterward they are really just using these people to get their thoughts out," he said. "Nobody was even expecting a cut in rates last time around, but something more balanced to recognize the fact the economy and credit markets have gotten much weaker."

    Wall Street extends retreat →

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