WASHINGTON, May 25 -- Alberto Musalem, President of the Federal Reserve Bank of St. Louis, issued remarks at an Economic Club of Minnesota event on May 20, 2025. He shared his views on the U.S. economic outlook and its implications for monetary policy, noting the appropriateness of a modestly restrictive policy given underlying economic strength, a resilient labor market, and above-target inflation. * * * Here is the text of his remarks: The text is as prepared for delivery. Good afternoon.   more