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