St. Louis Fed president says more rate hikes likely needed to quell inflation
St. Louis Fed President Alberto Musalem stated that further interest rate hikes will likely be necessary to combat inflation. Musalem cited strong demand and commodity price shocks as primary drivers for the potential policy change.
The Federal Reserve will likely need to hike interest rates further to lower inflation resulting from strong demand and a commodity price shock, St. Louis Fed President Alberto Musalem said.
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