🗣️ Fed member Musalem:
•Service and housing inflation continues to be somewhat sticky.
•Monetary policy is moderately restrictive.
•The labor market is now overheated and there are signs of cooling.
•The labor market is now approaching a clear upward risk for inflation.
•Recent data has increased my confidence in inflation.
•The policy rate may be approaching a change.
🗣️ Fed member Musalem:
•Service and housing inflation continues to be somewhat sticky.
•Monetary policy is moderately restrictive.
•The labor market is now overheated and there are signs of cooling.
•The labor market is now an obvious upward risk for inflation.
•Recent data has increased my confidence in inflation.
•The time to change the policy rate may be approaching a change.
