Reported about 8 hours ago
Boston Fed President Susan Collins indicated that the Federal Reserve might need to implement additional interest rate cuts to ensure economic stability. During her speech, she highlighted a general agreement among colleagues for two more 25 basis point cuts this year, stressing that any adjustments would be data-driven, not predetermined. Despite signs of a cooling labor market, Collins noted recent strong job growth, suggesting the economy is in a favorable position overall, while emphasizing the need to balance employment and inflation control.
Source: YAHOO