Fed's Poole says no reason to change rates now

St Louis Federal Reserve president William Poole said on Thursday 15 February that there was no reason at the moment for the U.S. central bank to change interest rates.

"The Fed doesn't need to act until all the data accumulates and it is necessary to reposition the baseline," he told reporters after delivering a speech here to a business group.

"Where we stand right now is a pretty good place. There is no compelling information presently available that suggests the need to reposition the rate.