Fed's Musalem says inflation elevated, more policy firming required, open to rate increases

St. Louis Fed President Alberto Musalem says inflation is elevated, driven by persistent demand pressures and supply shocks, and that bringing it back to the Fed's 2% target will require more monetary policy firming. He says the current level of inflation requires the Fed to think about rate increases, and that the job market is balanced and stable with no need to cool to reduce inflation.

Detected & updated continuously · Source: Nebula