Reported 17 days ago
Susan Collins, President of the Federal Reserve Bank of Boston, stated that the Federal Reserve should continue to lower interest rates to support the labor market while balancing inflation control. She noted that with inflation risks contained and increased downside risks to employment, it is wise to further normalize policy this year. Although she anticipates a modest rise in unemployment, she expects hiring to improve as economic uncertainties lessen. Collins believes some additional easing of rates could be appropriate, but that policy adjustments should be carefully considered moving forward.
Source: YAHOO