Fed's Musalem Says Rate Hike Probability Is Greater Than Zero

St. Louis Fed President Alberto Musalem said the central bank is missing on the inflation side of its mandate, signaling continued concern about price pressures. The remarks, made in an interview with Bloomberg at a central banking conference in Iceland, point to a hawkish policy stance rather than a new policy action.

Analysis

St. Louis Fed President Alberto Musalem said the central bank is missing on the inflation side of its mandate, signaling continued concern about price pressures. The remarks, made in an interview with Bloomberg at a central banking conference in Iceland, point to a hawkish policy stance rather than a new policy action.