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St. Louis Fed's Musalem says lowering rates now would be 'unadvisable'

Federal Reserve Bank of St. Louis President Alberto Musalem is in the camp that the U.S. central bank should hold interest rates steady at this time, "with inflation above target and the risks to the ...
Bloomberg L.P.

Fed’s Musalem Says It Would Be ‘Unadvisable’ to Lower Rates

Federal Reserve Bank of St. Louis President Alberto Musalem said officials should hold off from lowering interest rates further at this time to prevent stoking inflationary pressures. “With inflation ...