Fed's Musalem says productivity is recovering, credit is crowded out
Fed's Musalem says productivity is seeing a recovery and that some parts of the economy are seeing credit get crowded out in comments on CNBC.
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Musalem says earlier Fed hikes could avert larger later action
Fed official Musalem, speaking on CNBC, says hiking rates now could save more aggressive action later and that getting inflation back to 2% is the best thing the Fed can do for growth.
Fed's Musalem says underlying inflation is 2.5% to 3%, too high
Fed's Musalem says underlying inflation is between 2.5% and 3%, says it is too high and must be lowered, and sees a lower probability of reaching 2% at current Fed rates.
Fed's Musalem says policy and financial conditions are accommodative
Fed's Musalem, speaking on CNBC, says monetary policy is neutral or accommodative right now and that financial conditions are pretty accommodative.
Fed Musalem speaking on CNBC
Fed Musalem speaking on CNBC