Federal Reserve Musalem: Lowering interest rates now is "unwise"
Musalem, President of the Federal Reserve Bank of St. Louis: If I see new evidence of weak performance in the labor market, I may support a rate cut by the FOMC.
Inflation cannot accelerate in the short term.
If inflation falls back to the target as expected, I may support a rate cut.
Currently, a rate cut is unwise.
The U.S. economy is expected to grow at or above trend in 2026.
The risk of a significant deterioration in the labor market has decreased
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