Core Viewpoint - The President of the Federal Reserve Bank of St. Louis, Alberto Musalem, highlights downside risks to the labor market and upside risks regarding inflation persistence during a recent event [1] Group 1: Labor Market - There are identified downside risks to the labor market, indicating potential challenges ahead [1] Group 2: Inflation - Musalem sees upside risks in terms of inflation persistence, suggesting that inflation may remain elevated for a longer period than previously anticipated [1]