Federal Reserve's William Poole Says He's Still Split on Rate Hike

St. Louis Federal Reserve Bank President William Poolesaid Monday he feels evenly split about the need for an 18th consecutive interest-rate hike at the Fed's upcoming meeting next week.

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"We had the revisions of GDP data that came out Friday, employment data, other information, (which) probably lowers the outlook for economic growth going forward," Poole told reporters following a breakfast sponsored by the Southern Legislative Conference in Louisville, Kentucky.

"On the other hand the data that have come in relative to assessing inflation pressures have tended to tilt in the direction of greater pressures than we had previously thought. For example, downward revision to GDP indicates that almost certainly the productivity numbers will be revised downward as well. Therefore I am still at 50-50."

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