FED: Poole Says there would be room for FED to ease

Poole, in prepared text, says there would be room for the Fed to ease aggressively if GDP is below forecast. Says would need to see a consistent picture of slower GDP and inflation before any easing could occur. Says "Policy is in a range that can be considered neutral."Says FOMC expects inflation "to recede only gradually." Fed has "deep commitment" to preserving price stability.