Fed’s Musalem: Business expect higher prices
Source Fxstreet
Business leaders are becoming increasingly concerned about the economic consequences of rising prices and trade uncertainty, suggested St. Louis Fed President Alberto Musalem.
Key Quotes
- Business executives are trying to figure out how to manage uncertainty about supply chains, inventory, and inflation.
- Businesses expect higher prices for inputs and outputs; the Fed is watching that carefully.
- Do not want a rise in short-term inflation expectations to bleed into longer-term ones
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