Archive · 21 Jun 2025
Fed's Musalem Reports Real Estate Activity Amidst Interest Rate Scrutiny
The head of the St. Louis Federal Reserve, Alberto Musalem, and his wife bought and sold several houses last year.
They sold houses in Maryland and bought houses in Baltimore.
The sales and purchases happened around the same time that Musalem started working at the Fed.
These transactions followed the rules about what Fed officials can and can't do with their money.
The rules were put in place after some other Fed officials were criticized for their investments.
The Fed sets interest rates, which can affect the housing market.
Musalem's spokesperson said that his wife is in real estate and regularly makes transactions, and Musalem is a joint owner.
St. Louis Fed President Alberto Musalem and his spouse reported multiple real estate transactions in 2024.
The couple sold seven properties in Rockville, Maryland, and bought nine in Baltimore.
Properties sold ranged from $250,000 to $1 million, while purchases varied in value.
The transactions began the month Musalem joined the central bank, before the Fed eased policy.
The transactions were in compliance with the Fed's financial disclosure rules.
- Who
- St. Louis Fed President Alberto Musalem and his spouse.
- What
- Multiple real estate transactions by St. Louis Fed President Alberto Musalem and his spouse.
- When
- Transactions occurred in 2024, beginning the month Musalem joined the Fed.
- Where
- Properties sold in Rockville, Maryland; properties purchased in Baltimore.
- Why
- The transactions were reported as part of the required financial disclosures for Fed officials.
- Individual
- Alberto Musalem
- Organization
- St. Louis Federal Reserve
- Properties Sold
- 7 in Rockville, MD
- Properties Purchased
- 9 in Baltimore
- Compliance
- Transactions complied with Fed rules.
- Policy Impact
- Real estate is interest-rate sensitive