Federal Reserve Bank of St. Louis President Alberto Musalem stated on the 6th that there is significant uncertainty regarding the outlook for the U.S. economy and monetary policy.

Musalem said, "Inflation remains clearly above our 2% target. We face risks on both the employment and inflation fronts. Based on my assessment, the risks are tilting more significantly towards inflation rather than employment."

Musalem noted that the Fed's benchmark policy rate is currently at a neutral level, meaning it neither stimulates nor restricts the economy, or it may be slightly accommodative. He stated, "There are very plausible scenarios that would require us to maintain the current policy rate unchanged for some time."