St. Louis Fed's Musalem says on CNBC he won't prejudge rate call view for September FOMC

St. Louis Fed President Alberto Musalem has stated that maintaining higher interest rates is still appropriate due to ongoing inflationary pressures, which remain above the central bank's target of two percent. He prefers a steady approach to rate hikes rather than sudden…

Federal Reserve Bank of St. Louis President Alberto Musalem said a selloff in the bond market is being driven by government borrowing and increased demand for financing connected to the build-out of artificial intelligence, not questions of the US central bank’s credibility.