Fed’s Musalem: Business expect higher prices
|Business leaders are becoming increasingly concerned about the economic consequences of rising prices and trade uncertainty, suggested St. Louis Fed President Alberto Musalem.
Key Quotes
- Business executives are trying to figure out how to manage uncertainty about supply chains, inventory, and inflation.
- Businesses expect higher prices for inputs and outputs; the Fed is watching that carefully.
- Do not want a rise in short-term inflation expectations to bleed into longer-term ones
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