Fed's Musalem says lowering inflation will require more rate hikes
TLT•Federal Reserve Bank of St. Louis President Alberto Musalem said more monetary policy firming will be needed to bring inflation back to the 2% target, but said he has not prejudged the Fed's late October meeting.
1. Musalem calls for firming
Federal Reserve Bank of St. Louis President Alberto Musalem said Thursday that more monetary policy firming will be required to bring inflation back to the 2% target. Asked about the Fed's late October policy meeting, he said he goes into every meeting with an open mind and has not prejudged what should happen.
