Exclusive-Fed’s Musalem Says More Rate Hikes Likely Needed to Quell Inflation

St. Louis Fed president says more rate hikes likely needed to quell inflation

The Federal Reserve will likely need to hike interest rates further to lower inflation resulting from strong demand and a commodity price shock, St. Louis Fed President Alberto Musalem said.

The Federal Reserve Chair’s ‘Cure’ for Inflation Won’t Work

Kevin Warsh—the new, spiffy Federal Reserve chairman—just offered an old, threadbare “therapy” for nagging inflation. On Sept. 16, the central bank increased the federal funds rate from 3.75% to 4.00%, up 0.25%—the first such hike since Aug. 1, 2023. This move was both disappointing and counterproductive. Betraying his supply-side supporters, Warsh is peddling the exhausted...

Federal Reserve Raises Interest Rates To Reduce Inflation

At their regular meeting of September 16, the Federal Reserve’s Federal Open Market Committee (FOMC) voted to raise interest rates by 25 basis points to a range of 3.75%-4.00% to reduce persistently high inflation. The decision was unanimous, which was a departure from recent FOMC decisions that were mixed. This is the first increase in...

Further rate hikes are needed to rein in inflation, St. Louis's Musalem says - report

Fed officials signal more rate hikes as inflation stays elevated amid strong demand and supply shocks.

Fed’s Musalem Says More Rate Hikes Likely Needed to Cool Prices

Federal Reserve Bank of St. Louis President Alberto Musalem said additional interest rate increases may be needed to achieve the central bank’s inflation goal, adding that monetary policy may still be stimulating the economy after this month’s hike.

Exclusive-Fed’s Musalem says more rate hikes likely needed to quell inflation

By Howard Schneider WASHINGTON, Sept 21 (Reuters) - The Federal Reserve will likely need to hike interest rates further to lower inflation resulting from strong demand as well as a commodity price shock that has moved beyond oil, St. Louis Fed Presiden...