Fed's Musalem Says There's 'Limited Room' For Further Rate Cuts Without Policy Becoming Overly Accommodative
(MENAFN- AsiaNet News)
Federal Reserve Bank of St. Louis President Alberto Musalem on Monday cautioned that there is“limited room” for the Federal Reserve to cut interest rates further without the monetary policy becoming“overly accommodative.”
“While providing insurance against labor market weakness, I believe monetary policy should continue to lean against persistence in above-target inflation,” Musalem said in a speech at a Brookings Institution event.
Get updates to this developing story <directly on Stocktwits<.
For updates and corrections, email newsroom[at]stocktwits[dot]com.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
- 1Inch Unlocks Access To Tokenized Rwas Via Swap API
- Financewire And Tipranks Partner To Redefine Financial News Distribution
- Ethereum-Based Defi Crypto Mutuum Finance (MUTM) Raises Over $16 Million With More Than 720M Tokens Sold
- Kintsu Launches Shype On Hyperliquid
- BILLY 'The Mascot Of BASE' Is Now Trading Live On BASE Chain
- Kucoin Partners With Golf Icon Adam Scott As Global Brand Ambassador
More Story
Comments
No comment