Federal Reserve officials are indicating that additional interest-rate hikes may be needed after the central bank holds rates steady. St. Louis Fed President Alberto Musalem says further tightening is needed “soon” to bring inflation under control and toward the Fed’s target.
Different outlets also highlight signals from other regional Fed leadership. Bloomberg reports Musalem’s view that more rate increases are required to tame inflation, while Quartz adds that Dallas Fed President Lorie Logan expects at least two additional quarter-point increases. CNBC focuses on Musalem’s remarks as early insight into the Fed’s likely next steps following the decision to keep interest rates unchanged.
