Reported about 1 year ago
Boston Federal Reserve President Susan Collins stated that it is premature to determine if inflation is steadily returning to the central bank's 2% target and cautioned against overreacting to recent promising inflation data. Collins emphasized the need for patience and a methodical evaluation of the evolving data before considering interest rate cuts, believing that the economy is on the right path towards restoring price stability. Her remarks follow the Fed's decision to hold the policy rate and reduce the estimated number of rate cuts this year due to higher-than-expected inflation, with the possibility of easing later in the year.
Source: YAHOO