Fed's Poole on trade, wages, employment

In a speech on 'Trade, wages and employment' given on 25 March, William Poole of the Federal Reserve Bank of St. Louis said only pessimists believe that U.S. entrepreneurs will be unable to compete successfully in world markets using new technology. Poole said he is a productivity optimist because there is no society more entrepreneurial, more open, more resourceful than the United States.

Poole peppered his speech with warnings about the need for an eventual hike in borrowing costs and sounded

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