[Fed's Mussaleem: Another Rate Hike Required Soon] Golden Finance reports that on October 31st, St. Louis Federal Reserve President Mussaleem spoke about the US economy and monetary policy ahead of the Shadow Open Market Committee meeting. He stated, "I believe further tightening of monetary policy is necessary, and action will be needed soon." Mussaleem believes that US inflation remains too high, and if the Fed does not raise interest rates further, inflation risks remain skewed to the upside. At the same time, the overall US economy and job market remain strong, and current overall financial conditions remain accommodative.