St. Louis Fed’s Musalem: Current Policy Rate Likely Appropriate for an Extended Period
Federal Reserve Bank of St. Louis President Alberto Musalem told a Washington audience that the Federal Open Market Committee’s decision to keep the policy rate at 3.5% to 3.75% is likely to remain appropriate for some time. He described a baseline 2026 outlook of real GDP near potential, unemployment steady, and core inflation gradually easing tow…