Musaleem stated that the Federal Reserve's policy stance is appropriate, and the impact of tariff substitution is limited.

2026-02-20 21:32:20

Investing.com - St. Louis Federal Reserve Bank President Alberto Moussalli said on Friday that monetary policy is currently well-positioned, and a one-to-one replacement of tariffs will not significantly change the economic outlook.

Moussalli stated on Fox Business Network that the central bank’s current policy stance is appropriate. He noted that high productivity growth has not yet manifested in macroeconomic data.

Regarding the Supreme Court’s tariff ruling, Moussalli said that if tariffs are replaced on a one-to-one basis, there would be little change from an economic perspective.

The Fed official also commented on Kevin Waugh’s nomination, calling him a very good candidate qualified for a Federal Reserve position.

Moussalli emphasized the importance of allowing the Fed to conduct research based on facts.

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