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St Louis Fed President Musalem says there is no urgency to cut rates given continued growth

ReutersMar 26, 2025 5:59 PM

- There is no urgency for the U.S. Federal Reserve to cut interest rates given ongoing growth and the fact that restrictive policy is still needed to ensure inflation falls to the central bank's 2% target, St. Louis Fed President Alberto Musalem said on Wednesday.

"There's no rush to change," Musalem said, noting he expects U.S. economic growth to remain "still decent" even if it moderates in coming months while prices may be pushed higher by tariffs.

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