Speaking at the Future of Fixed Income conference in New York, Musalem attributed elevated inflation to supply shocks and persistent demand pressures. He noted that while the U.S. economy remains strong, his business contacts are currently more concerned about inflation than the labor market. Musalem added that he enters all policy meetings with an open mind regarding future rate decisions.
Tuesday, October 20, 2026
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Fed's Musalem Says Interest Rates Should Rise Over Next 6 to 9 Months
US Markets12 days ago
The Federal Reserve must firm its monetary policy further to return price growth to its target, Federal Reserve Bank of St. Louis President Alberto Musalem said. He indicated that interest rates should increase over the next 6 to 9 months to reach the central bank's 2% inflation goal, which he believes can be achieved in a timely manner of roughly 18 months if the Fed acts to limit second-round effects.
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