off-the-wire

Fed's Musalem says he wanted to remove 'easing bias'

Kitco Media
By Reuters
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Reuters
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May 28 (Reuters) - St Louis Federal Reserve President ​Alberto Musalem on ‌Thursday said that he was one ​of several ​U.S. central bankers last ⁠month who ​felt the Fed should ​remove the "easing bias" from its post-meeting statement, ​opening up ​the possibility of a rate ‌hike.

"I ⁠supported the interest rate decision, but I thought ​the ​easing ⁠bias was no longer consistent ​with the ​outlook ⁠and the balance of risks," ⁠Musalem ​said in ​an interview on Bloomberg Television

Reporting ​by Ann Saphir

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