FED'S MUSALEM SAYS INFLATION IS TOO HIGH AND THE BALANCE OF RISKS IS TILTED TOWARDS HIGHER PRICE PRESSURES, ADDING THAT IT IS CRUCIAL MONETA

FED'S MUSALEM SAYS INFLATION IS TOO HIGH AND THE BALANCE OF RISKS IS TILTED TOWARDS HIGHER PRICE PRESSURES, ADDING THAT IT IS CRUCIAL MONETARY POLICY PLACES 'MEANINGFUL RESTRAINT' ON INFLATION AND THAT IT WOULD BE WRONG TO KEEP RATE POLICY EASY IN THE HOPE OF FOSTERING HIGHER PRODUCTIVITY.