Federal Reserve's Susan Collins Discusses Possibility of Rate Cuts in 2024

Reported 11 months ago

Federal Reserve Bank of Boston President and CEO Susan Collins shares her perspective on achieving a balanced economy with full employment and stable consumer prices in an exclusive interview. Collins remains optimistic about bringing down inflation while maintaining a healthy labor market. She emphasizes the importance of gathering ground-level insights from businesses and community leaders to complement official data. Collins and her colleagues at the Fed are carefully monitoring inflation data and the economy to determine the timing and extent of potential rate cuts, aiming for sustainable progress towards their 2% inflation target.

Source: YAHOO

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