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St. Louis Fed's Poole sees 'tentative signs' of financial market recovery
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WASHINGTON (Thomson Financial) - Financial markets are showing 'tentative signs' of recovery from their upset, St. Louis Federal Reserve Bank President William Poole said today, but 'financial fragility is obviously still an issue.'
He warned that 'if the upset were to deepen in a sustained way, it might have serious consequences for employment stability.'
And further Federal Reserve action might be needed, Poole told a New York City audience, because as of now, 'we just do not know what the consequences may be.' His text was released to reporters.
'My best guess,' the St. Louis Fed president said, 'is that the inherent resilience of the US economy along with future policy... Full Story |
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Submitted Sep 28, 2007 1:47pm
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