Federal Reserve Bank of St. Louis President Alberto Musalem revealed on Wednesday that the labor market is currently "at or close to full employment."Musalem noted the heightened risk of inflation remaining above the Fed’s 2% goal due to tariff changes and other factors, stressing the...
Federal Reserve Bank of St. Louis President Alberto Musalem addressed concerns at a conference in Washington, on Monday, emphasizing that while the outlook for economic growth remains solid, recent economic data, particularly relating to growth and employment, has been weaker than...
Federal Reserve Bank of St. Louis President Alberto Musalem said on Thursday that inflation expectations have moved higher "notably" in the latest three months, which would make the Fed's job more challenging if it is sustained."The risk that inflation expectations could become unanchored is...
Federal Reserve Bank of St. Louis President Alberto Musalem voiced in an interview with The Wall Street Journal (WSJ) conducted on Thursday and published on Friday his support for more gradual reductions of the bank's interest rates in 2025 than he initially thought."The economic data came in...
Federal Reserve Bank of St. Louis President Alberto Musalem remarked on Wednesday that the incoming data suggests the central bank may have to either decelerate or completely pause the cycle of reducing its benchmark interest rate, which could happen at its upcoming meetings.Speaking at...
Federal Reserve Bank of St. Louis President Alberto Musalem said on Wednesday that the central bank's monetary policy is "well positioned," emphasizing that it will stay "appropriately restrictive" until inflation remains above 2%."In my baseline scenario, based on current information, I...
Federal Reserve Bank of St. Louis President Alberto Musalem told the Financial Times on Friday that the United States central bank should cut its interest rates "gradually.""For me, it's about easing off the brake at this stage. It's about making policy gradually less restrictive," he remarked, explaining that...
Federal Reserve Bank of St. Louis President Alberto Musalem shared on Thursday speaking at an event organized by Greater Louisville Inc. that "the time may be nearing" when the United States central bank might start adjusting its restrictive monetary policy."Absent further shocks, inflation seems...
Federal Reserve Bank of St. Louis President Alberto Musalem described on Thursday the annual inflation in the United States going from May's 3.3% to June's 3.0% as "encouraging."Speaking before the Little Rock Chamber in Little Rock, Arkansas, Musalem said that the Fed's "monetary policy is...
United States Federal Reserve Bank of St. Louis President Alberto Musalem (pictured) stated on Tuesday that it could take months or even quarters to see favorable data that supports a decision of a rate cut.While giving remarks on the economic outlook and monetary policy, Musalem noted that the...
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