St. Louis Federal Reserve President Alberto Musalem Backs More Rate Cuts as ‘Insurance’ for Labor Market
St. Louis Federal Reserve President Alberto Musalem indicated Friday that there may be room for an additional interest rate cut to support the U.S. labor market. Speaking at the Springfield Area Chamber of Commerce in Missouri, Musalem emphasized the need for caution, noting that inflation remains “materially” above the Fed’s 2% target. “I am open-minded…