Fed's Musalem: Businesses say inflation remains top concern
TLT•St. Louis Fed President Alberto Musalem said inflation remains a top concern in conversations with businesses in his Midwestern district and said bringing it down would support growth and employment.
1. Business inflation concerns
Musalem said inflation remains a top concern in conversations with businesses in his Midwestern district. He called inflation a “regressive tax” and a “distortionary tax,” and said he has advocated further rate increases.
