Musalem, President of the Federal Reserve Bank of St. Louis (2025 FOMC voting member): The FOMC is ready in terms of the state of monetary policy.
The U.S. economy is expected to continue growing, but at a more moderate pace.
Data indicates that long-term inflation expectations are stable.
Ensuring that long-term inflation expectations are anchored is key.
It will be appropriate to focus on the impact of second-round tariffs (on U.S. inflation).
Recently, inflation risks have risen, and the labor market is cooling.
The Federal Reserve still favors a policy approach of &#34;remaining vigilant.&#34;

Musalem, President of the Federal Reserve Bank of St. Louis (2025 FOMC voting member): The FOMC is ready in terms of the monetary policy stance. The U.S. economy is expected to continue to grow, but at a more moderate pace. Data indicates that long-term inflation expectations are stable. Ensuring that long-term inflation expectations are anchored is key. It will be appropriate to focus on the impact of second-round tariffs (on U.S. inflation). Recently, inflation risks have risen, and the labor market is cooling. The Federal Reserve still favors the policy approach of "remaining vigilant."

Federal Reserve official Musalem: Ensuring that long-term inflation expectations are anchored is key