Live On Bloomberg TV, Fed's Musalem Says Inflation Is Elevated And Being Driven By Persistent Demand Pressures And Supply Shocks; Key To Bring Inflation Back To 2% In Timely Manner And Limit Second Round Effects; To Bring Inflation Back To Target More Monetary Policy Firming Will Be Required; Goes Into All Meetings With An Open Mind; Current Level Of Inflation Requires Fed To Think About Rate Increases; Contacts Mostly Worried About Inflation, Does Not See Job Market Worries
https://www.stlouisfed.org/on-the-economy/2026/oct/exploring-apprenticeship-growth-past-two-economic-expansions
A top Federal Reserve official said inflation is still too high and the Fed may need to raise interest rates more to bring it down. When the Fed raises rates, it usually makes borrowing costlier, which can slow down both companies and the overall economy.
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