Fed’s Musalem: Tariffs likely to stay as balance sheet decision kept separate from policyMore from Federal Reserve Bank of St. Louis President Alberto Musalem.Said the central bank’s outlook assumes current US tariffs will remain in place, and that the recent Fed balance sheet decision was made independently of monetary policy.He added that there is a “promising debate” within the central bank over what rate the Fed should target in the future — a sign of ongoing internal discussion about how best to guide rates and manage liquidity conditions as balance sheet normalisation continues.Earlier: Fed's Musalem sees upside risks for inflation This article was written by Eamonn Sheridan at investinglive.com.