Fed's Musalem expects inflation to move to 2%

NEW YORK, Feb 20 (Reuters) - Federal Reserve Bank of St. Louis President Alberto Musalem said on Thursday getting inflation back to 2% will take time even as there are risks that price pressures could remain elevated.

“My baseline scenario is one where inflation continues to converge towards 2% provided monetary policy remains modestly restrictive and it will take time” for that to happen, Musalem told reporters after a speech in New York.

But he also said “I see the risks of inflation staying above the (2%) target as skewed to the upside.”