Fed's 'measured pace' may be faster or slower

Federal Reserve Bank of St. Louis President William Poole said on Wednesday 6 October that statements from the central bank were not "ironclad" undertakings of future action and objectives change as the economy evolves.

"It is important the market not interpret this statement as a commitment," Poole said in the prepared text for a speech, referring to the remarks issued by the central bank's policy-setting Federal Open Market Committee after its regular meetings.

"It is possible -- I would argu