Fed's Musalem Says Fed's Real Policy Rate Is Below Long-run Neutral Rate, Longer-term Inflation Expectations Are Drifting Up, Labor Market Is Stable; Caution Warranted In The Face Of Upward Inflation Pressures; Need Vigilant Focus On Returning Inf...

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https://www.stlouisfed.org/from-the-president/remarks/2026/productivity-growth-and-monetary-policy-iceland