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St. Louis Fed’s Musalem: The current interest rate level may be maintained “for some time,” and the Federal Reserve is prepared for “adjustments in both directions.”

St. Louis Fed’s Musalem: The current interest rate level may be maintained “for some time,” and the Federal Reserve is prepared for “adjustments in both directions.”

Federal Reserve officials are facing dual pressures from inflation and employment, with significant uncertainties rising in the policy path. St. Louis Fed President Alberto Musalem stated on Wednesday that the current interest rate level may remain appropriate for quite some time, but he would support adjusting policy rates in either
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