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St. Louis Fed's Musalem says tighter monetary policy needed soon

Original: St. Louis Fed's Musalem: Tighter monetary policy is needed 'soon'

St. Louis Federal Reserve President Alberto Musalem said the central bank needs to tighten monetary policy 'soon', according to CNBC. The remarks point to his preference for firmer policy settings as officials weigh inflation pressures against the state of the US economy. Markets and analysts follow such comments closely for clues on the Fed's rate path.

Why now: Fed officials' comments shape expectations for upcoming interest rate decisions.

St. Louis FedAlberto MusalemFederal Reserve

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• St. Louis Fed's Musalem: Tighter monetary policy is needed 'soon' · CNBC

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