Fed’s Musalem says lowering inflation will require more rate hikes
4 Articles
4 Articles
The president of the Federal Reserve (Fed) district of St. Louis, Alberto Musalem, said on Thursday that a more restrictive monetary policy will be needed to bring inflation back to the goal. He also believes that the recent shoot-off in Treasury revenues is not driven by doubts about the credibility of the American central bank, but by a series of factors, from solid economic growth to greater demand for financing by technology companies. Musal…
Fed’s Musalem says lowering inflation will require more rate hikes
By Michael S. Derby NEW YORK, Oct 8 (Reuters) - Federal Reserve Bank of St. Louis President Alberto Musalem said on Thursday that the US central bank will need to hike rates again to bring inflation back to the 2% target. “To bring inflation back...
Alberto Musalem argued that an additional tightening of monetary policy will be necessary to bring inflation back to the 2% target.
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