[Fed Musalem: There may be room for a gradual easing of policy towards a neutral interest rate] Golden Finance reported that Fed Musalem said there may be room for a gradual easing of policy towards a neutral interest rate, and that stronger data may be behind the rise in the Treasury term premium. Data since the last policy meeting suggest that the economy may be much stronger than expected. Inflation data is also strong, but has not yet changed the view that policy is moving in a neutral direction. The latest consumer price index data was "in line with expectations," but it would be more desirable to see a continued decline in the data on a three-month basis. It seems premature to include the prospect of US President-elect Trump's administration in December expectations. Economic activity and data have become stronger, bringing the risk of a rebound in inflation.