St. Louis Federal Reserve President Alberto Musalem stated that, given inflation is higher than expected and concerns in the labor market are easing, it may be time for policymakers to slow the pace of interest rate cuts. Musalem noted that while it may be appropriate to continue cutting rates over time, it is crucial to maintain a patient rhythm, as the risks of cutting rates too quickly outweigh the risks of insufficient easing. He stated on Wednesday, "It seems important to maintain selective policy choices, and the timing for slowing or halting interest rate cuts is approaching, allowing for a careful assessment of the current economic environment, upcoming information, and the evolving outlook." Musalem also reiterated that the Federal Reserve is close to achieving its dual goals of maximum employment and price stability, with monetary policy positioned favorably.