Fed Must Contain Long-Term Inflation Expectations, Musalem Says
Federal Reserve Bank of St. Louis President Alberto Musalem said officials are focused on keeping long-run inflation expectations stable as businesses and consumers anticipate prices to rise in the near term.
'We at the Fed don't want short-term inflation expectations to rise to such a level that they could seep into long-term inflation expectations,' Musalem said Friday during an event in Bentonville, Arkansas. That, he added, 'would make our job harder in terms of achieving maximum employment and price stability.'
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Politico
42 minutes ago
- Politico
Why Trump can't have it both ways on rates
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Yahoo
an hour ago
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Jobs data from May could show a mostly stable economy, but economists say Trump tariffs will soon bite
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Yahoo
an hour ago
- Yahoo
A Fed rate cut would be a 'happy pill' for markets: Strategist
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