Modest growth in slow recovery - Fed's Poole

US - St. Louis Federal Reserve Bank President William Poole said on Wednesday the U.S. economy is growing modestly as it recovers slowly from recession.

"The overall economy is growing modestly, recovering all too slowly from last year's recession," Poole said in remarks prepared for delivery to a conference sponsored by the St. Louis Fed and the East St. Louis Action Research Project at the University of Illinois at Urbana-Champaign, reported Reuters.

"Economic conditions vary substantially ac

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