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Story summary
- St. Louis Federal Reserve President Alberto Musalem said further rate hikes may be needed.
- He warned additional tightening could be appropriate within the next six to nine months.
- Musalem said inflation remains the primary problem despite strong growth and stable jobs.
- Musalem said higher yields reflect expectations of higher real rates, tech investment and capital competition.
- He warned the government’s two-decade unsustainable fiscal path could pose economic risks.
