Fed Musalem: Open to future rate cuts, but believes caution is necessary.

[Fed] Musalem: Open to future rate cuts but believes caution is necessary. [Fed] Musalem stated that the monetary policy is between moderate tightening and neutral; open to future rate cuts but believes caution is necessary; limited room before the policy becomes overly accommodative; inflation is expected to remain above target for 2-3 quarters.

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