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Fed's Musalem says more rate hikes needed to curb inflation

Original: Fed’s Musalem says lowering inflation will require more rate hikes

St. Louis Federal Reserve President Alberto Musalem said bringing US inflation back down to the central bank's 2% target will require further interest rate increases. His comments signal that policymakers remain cautious about easing monetary policy too soon, keeping the debate alive over how long interest rates will stay elevated and what that means for borrowing costs and markets.

Why now: Investors and households are closely watching Fed officials for clues on the future path of interest rates.

Alberto MusalemFederal ReserveUnited States

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• Fed’s Musalem says lowering inflation will require more rate hikes · WTVB

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