• Rates are now at neutral rate
• Economy doesn’t need stimulus
• Expects economy to continue growing above trend, boosted by fiscal policy
• Expects inflation to decline to 2% but sees risk it could remain above
• Further cuts only needed if jobs market were to decay or inflation falls

Hawkish stuff from Musalem and the market thinks Warsh is a hawk deep down. Are we slowly going to price out the Fed easing that’s in the market this year?

This article was written by Adam Button at investinglive.com.



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