Fed's Musalem: Risks have shifted towards higher inflation

By Howard Schneider

WASHINGTON, May 6 (Reuters) - St. Louis Fed President Alberto Musalem said Wednesday the risks to monetary policy have shifted towards higher inflation, possibly requiring interest rates to stay on hold for some time amid a seemingly stable job market.

"Inflation is running meaningfully above our target," Musalem said in comments to the Mississippi Bankers Association. "We have risks both on the employment side and on the inflation side. In my understanding risks have been shifting towards more risks on the inflation side."


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.