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St. Louis Fed president says further rate increases may be needed to lower inflation
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Musalem argues that persistent demand and supply pressures could require tighter policy
St. Louis Fed President Alberto Musalem said further interest-rate increases would likely be needed to bring inflation toward the Federal Reserve’s 2% target. He attributed the pressure to resilient demand and commodity-price increases extending beyond oil, while saying the labor market was not the source of inflation. Musalem is not currently a voting member of the Federal Open Market Committee and did not specify the timing or scale of future increases, so his remarks do not establish the Fed’s next decision. This briefing covers 2026-09-20T22:38:45.185Z through 2026-09-21T22:38:45.185Z. The timestamp is Reuters publication metadata, not the time of his remarks.
Reuters: Fed's Musalem says more rate hikes likely needed to quell inflation