Fed's Musalem: Inflation Is Too High; Balance Of Risks Tilted Towards Higher Price Pressures
Crucial That Monetary Policy Places 'Meaningful Restraint' On Inflation - Wrong To Keep Rate Policy Easy In Hope Of Fostering Higher Productivity - Unemployment Is Close To Its Long-Run Level - US Economy Has Been Resilient In Recent Months; Labour Market Has Stabilised
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09:49:27 PM UTC
SquawkNews
FED'S MUSALEM SAYS UNEMPLOYMENT IS CLOSE TO ITS LONG-RUN LEVEL AND THE U.S. ECONOMY HAS BEEN RESILIENT IN RECENT MONTHS WITH THE LABOUR MARKET HAVING STABILISED.
Crucial That Monetary Policy Places 'Meaningful Restraint' On Inflation - Wrong To Keep Rate Policy Easy In Hope Of Fostering Higher Productivity - Unemployment Is Close To Its Long-Run Level - US Economy Has Been Resilient In Recent Months; Labour Market Has Stabilised