According to Jinshi Data, St. Louis Fed President Moussallem said that with inflation higher than expected and job market concerns easing, it may be time for policymakers to slow the pace of interest rate cuts.
Musallem supports a patient approach, arguing that the risks of cutting rates too quickly outweigh the risks of cutting rates too little. He stressed the importance of maintaining policy optionality, and the time may be coming to consider slowing or pausing rate cuts.
Musallem reiterated that the Fed is close to achieving its goals of employment and price stability and that monetary policy is in good shape.