Federal Reserve's Musalam says current interest rate levels still apply

St. Louis Fed President Mussalem stated that the Fed's current interest rate target of 3.5% -3.75% is relatively balanced in addressing inflation and labor market risks, and it is expected that this level will remain applicable for the foreseeable future. He pointed out that if the labor market weakens and interest rate cuts do not damage the credibility of anti inflation measures, he may support interest rate cuts; If inflation rises or the public loses confidence in the Federal Reserve, he may support raising interest rates.