Fed's Poole - More rate cuts to be made if needed

US - The U.S. economy may show some signs of recovery toward the end of this year, said William Poole, president of the Federal Reserve Bank of St. Louis.

He was delivering prepared remarks in the form of a lecture to The Institute of Governmental Affairs at the University of California, Davis, Thursday 18 October.

Noting that most analysts expect U.S. gross domestic product to decline in the third quarter, he added that "some talk as though" a successive contraction in the fourth quarter is a