Published 2 years ago

Boston Fed President says unemployment may need to go up to slow inflation

Summary by Ground News

Susan Collins is the first Black woman to lead the Hub's Federal Reserve branch. She is well aware of what a higher unemployment rate would mean for communities of color and other underserved populations. Collins indicated a soft-landing, of a sorts, may still be possible, but not without some pain felt by consumers.

0 Articles

All

Left

Center

Right

The Epoch Times

Boston Fed Chief Says 'Higher Unemployment' Needed to Tame Inflation

The new president of the Federal Reserve Bank of Boston, Susan Collins, stated in her first public speech that unemployment needed to be increased to lower historically high inflation. Collins further suggested any economic downturn would likely be modest, in the Sept. 25 speech to the Greater Boston Chamber of Commerce. Her comments add to similar remarks made by her colleagues, like Raphael Bostic, President of the Atlanta Fed, who spoke on CB…

2 years ago·New York, United States

Read Full Article

Boston Herald

Boston Fed President says unemployment may need to go up to slow inflation

The Federal Reserve’s fight to control the rising rate of inflation may result a higher unemployment rate, said the bank’s Boston president in her first public appearance since taking the job earlier this year.“I do anticipate that accomplishing our price stability goal will require slower employment growth and a somewhat higher unemployment rate,” Boston Federal Reserve President and CEO Susan Collins told the Greater Boston Chamber of Commerce…

2 years ago·Boston, United States

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year

Stories disproportionately reported by the Left or the Right

Ground News Article Assistant

Not enough coverage to generate an Article Assistant.