Fed's Poole Says Inflation Is Slowing `a Bit,' Subprime Damage Contained

(Bloomberg) -- Federal Reserve Bank of St. Louis
President William Poole said inflation is ``moderating just a
bit'' and suggested the central bank can afford to wait before
lowering interest rates.

Poole, answering questions after a speech in Wilmington,
Delaware, late yesterday, repeated his prediction of July 20
that mounting delinquencies among subprime mortgages won't hurt
the economy much.


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