Svmuu News Federal Reserve Musallam stated that inflation risks are easing, and he expects prices to begin returning to Federal Reserve’s target later this year.Mousalem noted that following last year’s rate cuts, Federal Reserve’s monetary policy is now well-positioned to address risks to price stability or employment. He said current interest rates are close to neutral—neither stimulating nor dampening the economy—and reiterated that with inflation still elevated, there is no need for further rate cuts.“I expect inflation to move back toward our 2% target this year. The inflation data released today is encouraging in that regard,” Musallam said on Tuesday. “I believe the current policy stance is very appropriate, balancing the expected economic path while taking various risks into account.” (Jin Shi)