Fed's Musalem says rate hikes needed soon, policy currently accommodative

St. Louis Fed President Alberto Musalem says the US central bank will need to raise interest rates again 'soon', arguing that moving sooner with rate hikes lessens the risk of a hit to the broader economy. He says inflation is still too high and unlikely to ease without Fed action, and that monetary policy is accommodative right now.

Detected & updated continuously · Source: Nebula