Reported 8 months ago
Federal Reserve Bank of Boston President Susan Collins emphasized the importance of patience in considering interest rate adjustments, despite positive inflation data in the US. Collins stated that it is premature to ascertain if inflation is consistently heading towards the 2% target and advised against hasty reactions to short-term positive news. This cautious approach aligns with recent Fed projections of only one rate cut in 2024, highlighting the importance of restoring price stability by allowing demand and supply to balance gradually in the economy.
Source: YAHOO