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Alberto Musalem

President and CEO, Federal Reserve Bank Of St Louis

Search every verified Alberto Musalem interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Alberto Musalem, president and CEO of the Federal Reserve Bank of St. Louis, said in May 2026 that he expects new Federal Reserve Chair Kevin Warsh to consult with the Federal Open Market Committee and steer members toward fulfilling the Fed's dual mandate. Musalem described Warsh's approach as "refreshing" and said a new leader should come in with a vision and ask deep questions about past operations. Speaking at the Reykjavik economic conference, Musalem said he supported the FOMC's decision to hold the policy rate but thought the easing bias was no longer consistent with the balance of risks, which he said had shifted toward inflation. He stated that the possibility of an interest rate increase in the future "has to be greater than zero" and outlined a scenario where inflation remains high and the economy would "probably require a hike." He also noted a scenario where the economy weakens materially, which could lead to no hikes or a cut. Musalem said the real policy rate was running at around half a percent, below the committee's estimate of the neutral rate. He described himself as an AI optimist but called it a "risky proposition" to rely on AI-driven productivity gains to reduce inflation, adding that at present AI is more of a demand story than a supply story. In March 2026, Musalem said he supported the FOMC's decision to hold the policy rate and believed it appropriately balanced risks to the dual mandate. He said he could support raising the rate if core inflation or inflation expectations moved persistently higher, and could support additional easing if a greater risk of a weakening labor market became apparent.

Selected quotes

Recent appearances

  • Fed's Musalem Says He Expects Warsh Will Consult, Try and Steer FOMC

    Fed's Musalem Says He Expects Warsh Will Consult, Try and Steer FOMC Alberto Musalem, St. Louis Federal Reserve president, said he expects new Federal Reserve Chair Kevin Warsh to consult with the full Federal Open Market Committee and then steer members to fulfill the Fed's dual mandate. Musalem, speaking to Stephanie Flanders at the Reykjavik economic conference, also said that while he is an AI optimist, it is a 'risky proposition' to rely on the possibility of productivity gains from AI to reduce inflation. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET Saturday & S…

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  • Fed's Alberto Musalem Talks Fed Policy | Bloomberg Talks

    Federal Reserve Bank of St. Louis President Alberto Musalem says he thought the easing bias was no longer consistent with the balance of economic risks at the FOMC's last meeting. He speaks with Bloomberg's Stephanie Flanders at a central banking conference in Iceland. See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information. Bloomberg Talks curates top interviews from around Bloomberg News. Hear conversations with the biggest names in finance, politics and entertainment. On Bloomberg Talks, we round up interviews with Fortune 500 CEOs, government officials, well…

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  • Fed's Musalem on Possible Rate Hike, Balance Sheet and Warsh

    Federal Reserve Bank of St. Louis President Alberto Musalem says the balance of economic risks have shifted toward the inflation side. Speaking with Bloomberg's Stephanie Flanders at a central banking conference in Iceland, Musalem also discusses the impact of AI, the central bank's balance sheet and incoming Fed Chair Kevin Warsh. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-…

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  • A Conversation with Alberto G. Musalem, President of the Federal Reserve Bank of St. Louis

    Subscribe to AEI's YouTube Channel https://www.youtube.com/user/AEIVideo... Like us on Facebook   / aeionline   Follow us on Twitter   / aei   For more information http://www.aei.org AEI operates independently of any political party and does not take institutional positions on any issues. AEI scholars, fellows, and their guests frequently take positions on policy and other issues. When they do, they speak for themselves and not for AEI or its trustees or other scholars or employees. More information on AEI research integrity can be found here: http://www.aei.org/about/ #aei #news #politi…

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  • MNI Webcast with Alberto Musalem

    President & CEO of the Federal Reserve Bank of St. Louis.

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  • Fed's Musalem: We Have Limited Room to Cut Rates

    Federal Reserve Bank of St. Louis President Alberto Musalem joins Bloomberg Open Interest to discuss the state of the US economy and labor market as the central bank contends with missing data amid the government shutdown. Musalem also discusses the rate path forward, saying it's "very important" for the Fed to move forward "with caution," adding there is "limited room" to cut rates further. Musalem also acknowledged concern over asset valuations and pointed to the Fed’s recent semi-annual report on financial stability. “It’s not our job to opine on particular valuations of markets, but if you…

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  • Fed's Musalem: We Have Limited Room to Cut Rates

    Federal Reserve Bank of St. Louis President Alberto Musalem said he expects the US economy to bounce back strongly early next year, underscoring the need for officials to approach additional interest-rate cuts with caution. “We’re going to get, I think, a substantial rebound in the first quarter,” Musalem said Monday, citing an expected bump when the government shutdown ends, fiscal support, the impact of rate cuts already made and deregulation. Speaking with Bloomberg reporters and editors, Musalem reiterated his view that current Fed policy is close to the level where it would no longer put…

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  • Fed's Alberto Musalem Talks US Economy, Labor | Bloomberg Talks

    Federal Reserve Bank of St. Louis President Alberto Musalem says the US economy has been "pretty resilient" with growth ...

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  • Welcome and Introduction - Alberto Musalem

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  • Shutdown Hopes Rise; St. Louis Fed’s Musalem & AQR’s Cliff Asness | Open Interest 11/10/2025

    Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." Democrats concede on health care, setting up a potential breakthrough to end the longest shutdown in US history. An end to the impasse would help lift the data fog for a divided Fed. We'll hear exclusively from Alberto Musalem, St. Louis Fed President. And the AI bubble debate rages on we'll talk to Cliff Asness, the founder, CIO and Managing Principal of AQR Capital Management his thoughts about the sector. The veteran quant also talks about the double-digit gains he's seen across AQR's bigge…

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