According to this Bloomberg article http://www.bloomberg.com/apps/news?pid=20601087&sid=awakYl82IF3Y&refer=home "There's no way the Fed is going to reduce interest rates before the meeting'' - William Poole
That quote is from <i>former</i> Fed Governor Lyle Gramley, not Bill Poole. No sitting FOMC member would tie their own hands like that. Martin