Boston Fed President Expects Interest Rates to Hold, But Cuts Possible ‘Down the Road’ - The MortgagePoint

Boston Fed President Expects Interest Rates to Hold, But Cuts Possible ‘Down the Road’ - The MortgagePoint

Boston Fed President Susan Collins said at the late European trading session that she expects interest rates to hold “for a longer period,” but the she expects interest rate cuts “down the road.” Collins said she was strongly in support of holding interest rates steady and wants the Fed’s statement language changed so it does not implicitly point to a rate cut as the next move. Collins said that policy may need to stay unchanged for a “longer pe…