Fed's Moussailem: Policy is approaching neutrality, and the room for easing is limited.

Golden Finance reports that Fed's Musalem reiterated on Thursday that he believes the current monetary policy is closer to neutral rather than slightly tight. This means that there is limited room for further easing of monetary policy without becoming excessively loose. Musalem stated, “Looking ahead, we need to proceed with caution.” He pointed out that the inflation rate is too high, reaching 3%. He added, “I believe we need to continue to apply pressure on inflation above the target while providing some support to the labor market.”