Fed's Poole: Central bank can be patient

St Louis Fed chief William Poole said on Thursday that even though the Federal Reserve is under some pressure to make further cuts in interest rates, markets will automatically compensate by discounting longer term rates taking some of the pressure off the Fed to act.

Source: Reuters

St. Louis Federal Reserve President William Poole said on Thursday the Fed can be patient on monetary policy moves because financial markets will compensate for weak data by pushing down longer-maturity interest ra