Live On Bloomberg TV, Fed's Musalem Says Inflation Is Elevated And Being Driven By Persistent Demand Pressures And Supply Shocks; Key To Bring Inflation Back To 2% In Timely Manner And Limit Second Round Effects; To Bring Inflation Back To Target More Monetary Policy Firming Will Be Required; Goes Into All Meetings With An Open Mind; Current Level Of Inflation Requires Fed To Think About Rate Increases; Contacts Mostly Worried About Inflation, Does Not See Job Market Worries
10/8/2026
Impact: -50
Financial Services
Federal Reserve official Musalem stated that inflation remains elevated due to persistent demand pressures and supply shocks. He emphasized the need for more monetary policy firming to bring inflation back to the 2% target in a timely manner. Musalem noted that while contacts are primarily concerned about inflation, there are no significant worries regarding the job market.
AI summary, not financial advice
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