Fed's Musalem Says That Without Further Policy Restraint, It's More Likely Inflation Will Remain Substantially Above 2% Target 18 Months From Now; Interest Rates Likely Need To Rise Further To Tame Inflation That Is Both Demand- And Supply-Driven
— Reuters interview
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Why It Matters
A Fed leader said inflation is still too high and may stay that way. This means interest rates will probably need to go up more to cool things down.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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