Fed's Musalem Sees Need for 'Meaningful Restraint' on Inflation

Federal Reserve Bank of St. Louis President Alberto Musalem says policymakers can't afford to tolerate higher inflation while they wait for the possibility of stronger productivity growth. He speaks at an event in São Paulo. (Source: Bloomberg) Federal Reserve Bank of St. Louis President Alberto Musalem says policymakers can't afford to tolerate higher inflation while they wait for the possibility of stronger productivity growth. He speaks at an event in São Paulo. (Source: Bloomberg)