Fed’s Musalem Sees Increased Risk of Inflation Stalling Above 2%
Federal Reserve Bank of St. Louis President Alberto Musalem said policy should remain “modestly restrictive” until it’s clear inflation is on track to the central bank’s 2% target, and that he sees increased risks that progress may stall or even reverse.
Federal Reserve policymakers noted the potential for higher tariffs to contribute to inflation remaining above the central bank's 2% target rate in the minutes from their last meeting.
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Investors will be keeping an eye on the Japanese yen, which rose to a more than two-month high of 150.52 per U.S. dollar on ...
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Fed warns Trump’s tariffs may raise pricesT he Federal Reserve has warned that President Trump’s proposed tariffs could lead to higher prices for American consumers.
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