Musalem says Fed will need more rate hikes to cut inflation
Fed Bank of St. Louis President Alberto Musalem said bringing inflation back to the 2% target will require additional monetary policy firming.
Federal Reserve Bank of St. Louis President Alberto Musalem said on Thursday the US central bank will need to raise rates again to return inflation to the 2% target. “To bring inflation back to target in a timely manner, more monetary policy firming will be required,” Musalem said.