Published Date Feb 20, 2025

"In the current environment, the stakes are higher than they would be if inflation was at or below target," Musalem said in a speech given before the Economic Club of New York. "The risk that inflation expectations could become unanchored is higher than it would be if the economy was operating with slack and if consumers and businesses had not recently experienced a period of high inflation."

READ MORE: Fed's Musalem flags risk of rising inflation expectations

By Caroline Gaudette

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