Fed's Poole confident of substantial US recovery

US - William Poole, President of the Federal Reserve Bank of St. Louis., said that his confidence level that there will be a substantial U.S. economic recovery is "very high," barring "the possibility of some external shocks."

He was answering questions from journalists after delivering prepared remarks on the economy to an audience of students, academics and community leaders at Lambuth University.

By "external shocks" Poole was referring to events comparable to the terrorist attacks on the U.