Fed's Musalem says he sees limited room for further easing

Support quarter-point cut as a precautionary moveMon pol must continue to lean against above-target inflationTariffs are adding to inflation and the impact is yet to be fully feltOver-emphasis on labor market could lead to policy that is too loose and does more harm than goodLoose financial conditions and other factors mean the Fed should move cautiously on further cutsThis isn’t a big surprise coming from him but he’s certainly staking out the hawkish ground at a time when policy is headed in the other direction.
This article was written by Adam Button at investinglive.com.

Source: investinglive.com (Read Full Article)