Fed's Musalem: Fed has appropriately cut rates to provide insurance to job market
ReutersNov 6, 2025 10:59 PM
NEW YORK, Nov 6 (Reuters) - Federal Reserve Bank of St. Louis President Alberto Musalem said on Thursday the central bank has been right to cut rates to help the job market.
It has been “appropriate” to cut rates to help keep the job market above water, but “we have to be very careful to continue to lean against above-target inflation, while continuing to provide some insurance” to the employment sector.
He spoke at a gathering of the Fixed Income Analysts Society in New York.
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