Fed Walks Tightrope Amid Iran Conflict, Energy Prices
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Show Notes
St. Louis Fed President Alberto Musalem discusses the economys delicate balance amid rising energy prices due to US strikes on Iran. He supports the Feds decision to maintain current interest rates, but remains open to adjustments based on new data. Musalem revises his growth forecast downward, anticipates higher inflation, and expects unemployment to rise slightly. He maintains his baseline prediction of steady jobs, on-track growth, and inflation easing to 2% later this year, though with reduced confidence. The Fed is working to keep inflation expectations at 2% despite supply shocks, and Musalem is monitoring private credit stresses.
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