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Federal Reserve Bank of St. Louis President Alberto Musalem expressed support for the Federal Reserve's decision to maintain interest rates at their current levels during a recent policy meeting. Speaking at an event hosted by Mississippi Valley State University, Musalem emphasized that while the central bank is successfully meeting its employment mandate with the labor market operating near full capacity, it is still falling short of its inflation target. He highlighted that inflation remains a concern for the Federal Reserve, indicating that more progress is needed on that front despite steady interest rates.
"Right now, the economy is such that we are missing on our inflation target,” Federal Reserve Bank of St. Louis President Alberto Musalem says at an event in Mississippi https://t.co/pg3gA5i7G2 https://t.co/u9GscZlzxU
Alberto Musalem (who is a voting member) says inflation is still a concern and that the Fed is not missing on the employment mandate via @business https://t.co/MmZcDjBxYV
Federal Reserve Bank of St. Louis President Alberto Musalem said he supported last week’s decision by policymakers to leave interest rates steady, adding the US central bank is still missing more on the inflation side of its mandate https://t.co/7ISyXU80BF
