Federal Reserve official Musalem said on Sept. 22 that interest rates may need to move higher to restrain inflation driven by both demand and supply factors. The remark points to continued concern over price pressures and signals that tighter policy may still be on the table. The statement focused specifically on inflation sources coming from both sides of the economy, rather than a single driver. No additional policy details, timing, or rate path were provided in the brief update cited by BlockBeats.
According to BlockBeats, on Sept. 22, Federal Reserve official Musalem said interest rates may need to rise further to curb inflation driven by both demand and supply.
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