business
St Louis Fed's Musalem more worried about inflation than jobs now, sees holding rates for 'some time'
Key takeaways
- “The risks have been shifting towards more risk on the inflation side than the employment side,” Musalem said at the Mississippi Bankers Association 2026 Annual Convention in Alabama.
- “There are very plausible scenarios under which the economy would require us to keep the policy rate at its current level for some time.”
- Read more: How the Fed rate decision affects your bank accounts, loans, credit cards, and investments
St Louis Fed's Musalem more worried about inflation than jobs now, sees holding rates for 'some time' Jennifer Schonberger · Senior Reporter Wed, May 6, 2026 at 10:13 PM GMT+7 2 min read St Louis Fed president Alberto Musalem said Wednesday that inflation has become a bigger concern than the job market, and that it’s possible the central bank could hold interest rates steady “for some time.”
“The risks have been shifting towards more risk on the inflation side than the employment side,” Musalem said at the Mississippi Bankers Association 2026 Annual Convention in Alabama.
“There are very plausible scenarios under which the economy would require us to keep the policy rate at its current level for some time.”
Article preview — originally published by Yahoo Finance. Full story at the source.
Read full story on Yahoo Finance →
More top stories
Also covered by
Bloomberg Markets
Fed's Musalem Sees Risks Shifting More Toward Inflation
Bloomberg Markets
Fed’s Musalem Says Risks Are Shifting More Toward Inflation
Bloomberg Markets
Poland Holds Rates as Iran Energy Shock Stokes Inflation
Bloomberg Markets
Czech Inflation Quickens as Central Bank Gauges Rates Cushion
Aggregated and edited by the Scoop newsroom. We surface news from Yahoo Finance alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop