Fed's Musalem says financial conditions remain accommodative, rate hike needed 'soon'

St. Louis Fed President Alberto Musalem says overall financial conditions remain accommodative, though tighter but not by much. He says the best thing the Fed can do now is restore price stability, with the broader economy and job market strong and risks still skewed toward higher inflation, and that a rate hike is needed 'soon'.

Detected & updated continuously · Source: Nebula