St. Louis Fed President Alberto Musalem said monetary policy is now “somewhere between modestly restrictive and neutral.” Musalem, who votes on policy this year, said he is “open minded” to further rate cuts but stressed that caution is needed. With limited room before policy turns “overly accommodative”, he signaled the Fed should proceed carefully.The post Fed’s Musalem open to cuts but urges cautions appeared first on Action Forex.