Fed's Poole says not worried on money supply drop

William Poole, President of the St Louis Fed, said Friday that "If something happens that calls for policy to change then policy will change," but until then interest rates would at their current record low levels.

Source: Reuters

St. Louis Federal Reserve Bank President William Poole reiterated on Friday that the course of the U.S. economy, and not the passage of time, would determine when the Fed changes interest rates.

Asked what the central bank meant by saying it expected to keep rates low

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