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Economic Club of MinnesotaAuthor: Economic Club of Minnesota
The Economic Club of Minnesota (ECOM) provides a high-profile, non-partisan platform for national and international leaders in business, government and public policy to present their ideas on how Minnesota can better compete in the global economy and how America can most effectively provide world leadership on economic and strategic issues. Language: en Genres: Business News, News, Politics Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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Alberto Musalem
Friday, 30 May, 2025
On May 20, 2025, St. Louis Federal Reserve President Alberto Musalem delivered a compelling speech titled “Economic Conditions and Monetary Policy” at the Economic Club of Minnesota in Minneapolis. Addressing a diverse audience of business leaders, policymakers, and community members, Musalem shared his insights on the U.S. economic outlook and the implications for monetary policy. His visit included a moderated Q&A session, fostering engaging discussions on pressing economic issues. Musalem highlighted the resilience of the U.S. economy, noting a strong labor market and supportive financial conditions despite recent tightening in some sectors. He cautioned that higher tariffs could exert inflationary pressure in the near term while potentially dampening economic activity. Emphasizing the Federal Reserve’s commitment to price stability, he suggested that the current modestly restrictive monetary policy remains appropriate, especially if trade tensions de-escalate, allowing inflation to align with the Fed’s 2% target. However, he warned that persistent inflation could necessitate prioritizing price stability over other goals if public expectations shift.
