Fed's Musalem Says Further Monetary Policy Tightening Is Needed to Curb Inflation

On October 9, citing Jinshi Data, that Federal Reserve official Musalem recently stated publicly that further tightening of monetary policy is required to bring inflation back to the target level.

Musalem emphasized that maintaining monetary policy tightness remains a necessary measure before price indicators fully return to the range set by the central bank. This statement directly reflects the assessment by Fed senior officials of current macroeconomic data, reiterates the necessity of sustaining policy tightening, and provides clear guidance for market expectations.