St. Louis Fed President: Interest rates will "remain stable for a period of time"

MaticHoleFiller · 2026-04-06T14:11:25+00:00

St. Louis Federal Reserve Bank President Alberto Musalem stated that in the face of economic uncertainty, he supports keeping the current interest rate unchanged, believing that the current policy rate balances the dual mandate of employment and price stability.

MaticHoleFiller

2026-04-06 14:11:25

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The president of the Federal Reserve Bank of St. Louis, Alberto Musalem, said on Wednesday that, amid a backdrop of “highly uncertain” economic prospects, he believes interest rates should remain unchanged.

“The real policy rate—namely, the nominal rate adjusted for expected inflation—has been in a neutral range before the recent rise in energy prices, and then declined further,” he said while speaking at the Washington, D.C.-based American Enterprise Institute.

“I also believe that the current policy rate appropriately balances the risks we face in our dual mandate of achieving maximum employment and stable prices, and that it may continue to remain appropriate for some time,” he added.

Musalem this year is a non-voting member of the Federal Open Market Committee. He will regain voting rights again in 2028.

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