Exclusive-Fed’s Musalem says more rate hikes likely needed to quell inflation

Further rate hikes are needed to rein in inflation, St. Louis's Musalem says - report

Fed officials signal more rate hikes as inflation stays elevated amid strong demand and supply shocks.

Fed’s Musalem Says More Rate Hikes Likely Needed to Cool Prices

Federal Reserve Bank of St. Louis President Alberto Musalem said additional interest rate increases may be needed to achieve the central bank’s inflation goal, adding that monetary policy may still be stimulating the economy after this month’s hike.

Exclusive-Fed’s Musalem says more rate hikes likely needed to quell inflation

By Howard Schneider WASHINGTON, Sept 21 (Reuters) - The Federal Reserve will likely need to hike interest rates further to lower inflation resulting from strong demand as well as a commodity price shock that has moved beyond oil, St. Louis Fed Presiden...