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."