Fed's Musalem (2028 voter) says the baseline outlook is that inflation will take longer to come back down to target

Risks that inflation may not converge to the target as we would like. There is a scenario where economy might require a rate increase. If we do not see disinflation in the next couple of quarters, that would concern him. Also a scenario of growth slowdown in H2 this year. Risks tilted more to the inflation side.