Federal Reserve official Musalem said a rate increase now may help prevent the need for more aggressive action in the future. He said elevated inflation has been driven by shock factors and persistent demand, and placed core inflation in a 2.5% to 3% range. In his view, that level remains too high and needs to come down. The remarks were carried by Odaily and cited Jin10 as the source. The update focuses on Musalem’s policy stance and his assessment of inflation, without adding details beyond the original brief.
Federal Reserve official Musalem said a rate hike now could help avoid more aggressive action later.
He also said high inflation has been caused by shock factors and persistent demand. Core inflation is in the 2.5% to 3% range, which he said is still too high and must be brought down. The remarks were published by Odaily, citing Jin10.
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