Musalem says Fed policy is well positioned for risks

St. Louis Federal Reserve President Alberto Musalem stated on Wednesday that the current monetary policy stance in the United States is well-positioned to navigate a period of heightened economic uncertainty. Speaking at the American Enterprise Institute in Washington, Musalem suggested that the central bank does not see an immediate need to adjust interest rates.

Policy is well positioned to address risks to both dual mandate objectives, and I expect the current setting of the policy rate will remain appropriate for some time.