Fed Chief: Inflation Now Top Concern, Not Jobs

St. Louis Fed President Alberto Musalem shifts focus to inflation, citing risks of higher prices. Inflation rates surge, with core inflation at 3.2%—well above the 2% target. Despite job market uncertainty, tailwinds like government spending and AI-driven demand are driving the economy. The Fed closely monitors data to decide on interest rates, keeping the policy rate in play. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/5b192253555b51d7