the time for Reuters’ rate cut may be nearing

(Reuters) – The time is nearing for the Federal Reserve to consider cutting its key policy interest rate, the St. Louis Fed president said on Thursday. Louis, Alberto Musalem.

“It appears that the balance of risks to inflation and unemployment has shifted. The time may be approaching when an adjustment to a moderately restrictive policy may be appropriate,” Musalem said during an event in Louisville, Kentucky.