[Federal Reserve's Mussailem: Current Interest Rate Setting Remains Appropriate] Jin10 Data, April 1 – St. Louis Federal Reserve President Mussailem stated on Wednesday that the Fed's current interest rate stance is likely to remain appropriate for the foreseeable future. He may support either a rate cut or hike depending on economic trends. Mussailem noted that the Fed's 3.5%-3.75% interest rate target strikes a good balance in addressing risks such as persistent inflation and recent signs of fragility in the labor market. This target rate may be on the lower end of the neutral range, suggesting that further rate cuts by the Fed could unintentionally drive inflation higher. Mussailem remarked, 'Policy can effectively address the risks of the dual mandate, and I expect the current policy rate level to remain suitable for some time.' He stated that if the labor market weakens and rate cuts do not undermine the Fed's credibility in combating inflation, he may ultimately support further rate cuts. However, he also emphasized that if inflation rises or public confidence in the Fed's ability to tackle inflation erodes, he may support rate hikes.