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Fed’s Musalem Shifts Focus to Sticky Inflation as Oil Shocks and Tariffs Keep Rates on Hold

Summary by WebProNews
Alberto Musalem doesn’t mince words. The president of the Federal Reserve Bank of St. Louis now sees greater risks on the inflation side of the central bank’s dual mandate than on employment. This marks a notable change from earlier assessments. He backs keeping the federal funds rate steady in its current 3.5% to 3.75% range. And he expects that stance to hold for some time. High oil prices triggered by conflict in the Middle East have altered …
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WebProNews broke the news on Wednesday, May 6, 2026.
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