Fed’s Musalem Says High Bond Yields Still Not Tight Enough to Replace Further Hikes

St. Louis Fed President Alberto Musalem, speaking Thursday at a Bloomberg event in New York, argued that the sharp rise in bond yields has not yet tightened financial conditions enough to remove the need for further Fed action. Musalem said “more monetary policy firming will be required” to return inflation to 2% in a timely […]

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