[Federal Reserve's Mussailem: Rates Need to Stay Unchanged for Some Time] Jin10 News, April 16 – Federal Reserve's Mussailem stated on Wednesday that high oil prices could push core inflation for the remainder of the year nearly one percentage point above the Fed's 2% target, and the Fed may need to keep interest rates unchanged. Mussailem said, 'We are likely to see some pass-through of oil prices to core inflation.' By the end of this year, the core measure of price increases is expected to be 'slightly below 3%, or perhaps around 3%,' with further upside risks. Mussailem noted that the Fed might keep its policy rate within the current range of 3.50%-3.75% 'for some time,' while monitoring inflation, employment, and economic data in the coming months. Many of his colleagues share the same view. The impact of last year's tariff hikes may gradually fade this quarter, and housing price inflation is also weakening. With rising oil prices, inflation in a range of service sectors remains elevated. If inflation starts to rise and risks pulling up inflation expectations, he would remain open to rate hikes. Mussailem also mentioned that the oil market is experiencing its 'third negative supply shock in 12 months.' Combined with rising tariff rates and stricter immigration policies, both the inflation outlook and the labor market face risks, and economic growth could take a hit. He expects economic growth to slow this year but remain between 1.5% and 2%.