Federal Reserve's Musalem: Interest rate hikes should be used to address higher real interest rates

Odaily Planet Daily News: Federal Reserve's Musalem stated that interest rate hikes should be used to address higher real interest rates. It is currently impossible to determine whether the U.S. is in a period of high productivity growth. The Federal Reserve cannot rely on productivity to solve inflation problems. A better policy is to curb demand and inflation. Inflation is significantly above the target, and expectations are rising. (Jinshi)