Fed right to cut rates to support job market, Musalem says

By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of St. Louis President Alberto Musalem said on Thursday ​the U.S. central bank has been right to cut interest ‌rates to help the job market. The cuts have been "appropriate" but "we have to ‌be very careful to continue to lean against above-target inflation, while continuing to provide some insurance" to the employment sector, he said at a gathering of the Fixed Income Analysts Society in New York. "Monetary policy is somewhere between ⁠modest ...