Federal Reserve Bank of St. Louis President Discusses Economy

Alberto Musalem addresses monetary policy and economic outlook at Washington event.

Apr. 1, 2026 at 1:00pm

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Alberto Musalem, the president of the Federal Reserve Bank of St. Louis, spoke at an event hosted by the American Enterprise Institute in Washington, D.C. to discuss the current state of the U.S. economy and the Federal Reserve's monetary policy approach.

Why it matters

As a regional Federal Reserve president, Musalem's perspective on the economy and the Fed's actions carries significant weight. His remarks provide insight into the central bank's thinking as it navigates high inflation, rising interest rates, and concerns about a potential recession.

The details

During his speech, Musalem addressed the Fed's efforts to bring down inflation through interest rate hikes, while also acknowledging the risks of overtightening monetary policy and tipping the economy into a downturn. He discussed the regional economic conditions in the St. Louis district and how they factor into the Fed's national policymaking.

  • The event took place on April 1, 2026 in Washington, D.C.

The players

Alberto Musalem

The president of the Federal Reserve Bank of St. Louis, a regional reserve bank that is part of the United States Federal Reserve System.

American Enterprise Institute

A prominent conservative think tank based in Washington, D.C. that hosted the event where Musalem spoke.

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What they’re saying

“We must remain vigilant and nimble in our approach to monetary policy to ensure we achieve our dual mandate of price stability and maximum employment.”

— Alberto Musalem, President, Federal Reserve Bank of St. Louis

What’s next

The Federal Reserve's next policy meeting is scheduled for May 1-2, 2026, where officials will likely further discuss the economic outlook and potential additional interest rate hikes.

The takeaway

Musalem's remarks provide a window into the Fed's current thinking as it navigates a challenging economic environment marked by high inflation and recession risks. His comments underscore the central bank's delicate balancing act of cooling price pressures without triggering a downturn.