Interview with St Louis Fed's William Poole

In comments to the Financial Times published Tuesday 10 October St. Louis Federal Reserve Bank President William Poole said the Fed could do "relatively little" and let the bond market stabilise the economy.

Poole, a voting member of the Fed's policy-making open market committee (FOMC), said: "The FOMC can some of the time -- maybe even much of the time -- sit back and do relatively little, relying on the stabilising effect of market reactions to current data. We don't have to do it all."

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