St. Louis Fed President: Further rate hikes still needed over the next 6 to 9 months; inflation is the top problem for the U.S. economy

Zhito Finance APP has learned that St. Louis Fed President Musalem said on Thursday that the Federal Reserve still needs to raise interest rates further in order to bring U.S. inflation back to its 2% target in a timely manner. However, he did not explicitly support taking action at the monetary policy meeting later this month, emphasizing that future interest rate decisions will still depend on economic data.