St. Louis Fed President Alberto Musalem said he supported last week’s 25bps rate cut as a “precautionary move” to protect the labor market from further weakening. He emphasized in a speech, however, that there is only “limited room for easing further” before monetary policy risks becoming “overly accommodative.” He stressed that while the Fed can […]The post Fed’s Musalem: Rate cut was precautionary, scope for easing limited appeared first on Action Forex.