{"id":48006,"date":"2025-08-14T18:00:26","date_gmt":"2025-08-14T15:00:26","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=48006"},"modified":"2025-08-14T17:50:20","modified_gmt":"2025-08-14T14:50:20","slug":"st-louis-fed-president-musalem-tariffs-impacting-inflation","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/st-louis-fed-president-musalem-tariffs-impacting-inflation\/","title":{"rendered":"St. Louis Fed President Musalem: Tariffs Impacting Inflation!"},"content":{"rendered":"<p data-start=\"68\" data-end=\"410\"><a href=\"https:\/\/coinengineer.net\/blog\/trump-places-washington-dc-under-direct-federal-control\/\"><strong data-start=\"68\" data-end=\"87\">FED<\/strong> <\/a>official <strong>Musalem<\/strong>, in an interview with CNBC, stated that inflation is still hovering around <strong data-start=\"180\" data-end=\"186\">3%<\/strong> and that tariffs are putting pressure on prices. Musalem noted that he expects most of the economic impact from higher tariffs to fade within 6\u20139 months but emphasized there are risks this effect could be more persistent.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/st-louis-fed-president-musalem-tariffs-impacting-inflation\/#Labor_Market_and_Tariff_Impact\" title=\"Labor Market and Tariff Impact\">Labor Market and Tariff Impact<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/st-louis-fed-president-musalem-tariffs-impacting-inflation\/#FEDs_Musalem_Too_Early_to_Speak_About_September\" title=\"FED&#8217;s Musalem: Too Early to Speak About September\">FED&#8217;s Musalem: Too Early to Speak About September<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"412\" data-end=\"448\"><span class=\"ez-toc-section\" id=\"Labor_Market_and_Tariff_Impact\"><\/span>Labor Market and Tariff Impact<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"450\" data-end=\"848\"><strong>St. Louis Fed President Musalem<\/strong> highlighted that the labor market remains at <strong data-start=\"527\" data-end=\"546\">full employment<\/strong>, while both labor demand and supply have declined. However, risks on the labor side combined with tariff-driven price pressures point to the possibility that inflation could remain elevated. He also stated that a half-point interest rate cut is not supported by current economic data and conditions.<\/p>\n<h2 data-start=\"850\" data-end=\"899\"><span class=\"ez-toc-section\" id=\"FEDs_Musalem_Too_Early_to_Speak_About_September\"><\/span>FED&#8217;s Musalem: Too Early to Speak About September<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"901\" data-end=\"1240\">While the tariff impact is expected to diminish over the next two to three quarters, Musalem noted that some economic indicators and labor market data require more cautious action in monetary policy. Considering possible downside risks in the labor market, he said it is reasonable to expect payroll breakeven levels to remain below 50K.<\/p>\n<p data-start=\"1242\" data-end=\"1404\" data-is-last-node=\"\" data-is-only-node=\"\">Musalem\u2019s remarks underline that <strong data-start=\"1275\" data-end=\"1288\">inflation<\/strong> still needs close monitoring and that the Fed\u2019s monetary policy decisions will be shaped in light of these risks.<\/p>\n<p data-start=\"1242\" data-end=\"1404\" data-is-last-node=\"\" data-is-only-node=\"\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FED official Musalem, in an interview with CNBC, stated that inflation is still hovering around 3% and that tariffs are putting pressure on prices. Musalem noted that he expects most of the economic impact from higher tariffs to fade within 6\u20139 months but emphasized there are risks this effect could be more persistent. Labor Market<\/p>\n","protected":false},"author":29,"featured_media":31793,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,2],"tags":[2344,643,640,1180,7664,22377,22378,8132,22376,2004,12767],"class_list":["post-48006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-news","category-news","tag-economic-indicators","tag-economy","tag-fed","tag-inflation","tag-labor-market","tag-monetary-policiy","tag-payroll","tag-rate-cut","tag-st-louis-fed","tag-supply","tag-tariff"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>St. Louis Fed President Musalem: Tariffs Impacting Inflation! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"FED official Musalem, in an interview stated that inflation is still hovering around 3% and that tariffs are putting pressure on prices\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/st-louis-fed-president-musalem-tariffs-impacting-inflation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"St. Louis Fed President Musalem: Tariffs Impacting Inflation! 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