Alberto Musalem
Coverage of Alberto Musalem in the Nexus archive.
- Bond sell-off sent warning on Fed’s credibility, says top central bank official
A bond sell-off has raised concerns about the Federal Reserve's credibility, according to central bank official Alberto Musalem. Musalem supported calls for a quarter-point interest rate increase from dissenters.
- Fed officials warn AI's economic costs may arrive faster than benefits
Federal Reserve officials caution that AI's potential productivity benefits may not offset immediate inflation risks, citing insufficient evidence of sustained gains. While some, like Kevin Warsh, argue AI could drive long-term disinflation, others warn against relying on future AI impacts to address current inflation, emphasizing the need for concrete data.
- Fed's Musalem Says Rate Hike Probability Is Greater Than Zero
Federal Reserve Bank of St. Louis President Alberto Musalem stated during a central banking conference in Iceland that the central bank is missing on the inflation side of its mandate. He also indicated the probability of a rate hike is greater than zero.
- Fed’s Musalem Says Risks Are Shifting More Toward Inflation
Alberto Musalem, president of the Federal Reserve Bank of St. Louis, expects the US economy to bounce back strongly early next year and advises caution on additional interest-rate cuts. He made this statement during a Bloomberg Television interview in Washington, DC. The economy's strong rebound is anticipated for early next year.