Fed's Musalem Open to Further Rate Cuts Amid Labor Market Concerns

Alberto Musalem, President of the Federal Reserve Bank of St. Louis, has expressed his willingness to support another interest rate cut if labor market risks emerge. Speaking at the Institute of International Finance Annual Membership Meeting, he emphasized the Fed's flexibility in policy-making, indicating that decisions will be made based on current economic conditions. This approach aims to bolster economic stability and support consumers and businesses facing challenges.