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[St. Louis Fed President Urges Caution On Rate Cuts Amid Tariff Uncertainty] St. Louis Fed President Alberto Musalem Said Friday The Federal Reserve Should Wait To Cut Interest Rates Until The Inflation Impact Of Potential Trump Administration Tariffs Becomes Clear. Speaking At Stanford University, Musalem Stated There Are Even Odds Tariffs Could Lead To Either Persistent Or Short-lived Inflation, And Committing To Easing Policy Now Risks Underestimating Inflation's Level And Persistence. The Fed Recently Kept Its Policy Rate Range At 4.25% To 4.5%.
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