Reported 2 days ago
Federal Reserve Bank of St. Louis President Alberto Musalem expressed strong support for a potential interest rate cut in October, citing concerns about labor market risks and the need to manage inflation. While he is in favor of easing rates, he emphasized that the Fed should be cautious not to loosen monetary policy excessively as inflation remains a significant challenge. Musalem's comments come ahead of the Fed's upcoming meeting where further rate reductions are anticipated.
Source: YAHOO