Published 2 years ago

Boston Fed's Collins says 'modest slowdown' is possible

Summary by Ground News

Dr. Susan Collins is the first Black woman to lead one of the Federal Reserve's regional banks. She told the Greater Boston Chamber of Commerce that the central bank has little power over factors on the supply side of the equation that are leading to the persistently high inflation. But the Fed can raise interest rates to slow down the demand side.

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Associated Press News

Fed officials call for more rate hikes to fight inflation

WASHINGTON (AP) — The Federal Reserve will have to keep boosting its benchmark interest rate to a point that raises unemployment and gets inflation down from unusually high levels, two

2 years ago·United States

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abc News

Boston Fed's Collins says 'modest slowdown' is possible

Susan Collins, the new president of the Federal Reserve Bank of Boston, said says that a higher unemployment rate will be needed to bring down inflation from unusually high levels, but suggested any economic downturn would likely be modest

2 years ago·United States

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Washington Times

Boston Fed’s Collins says ‘higher unemployment’ needed

2 years ago·United States

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The Business Journals

New Boston Fed chief sees “a more modest slowdown” as possible

With anxiety about a possible recession on most everyone's mind, the newly-minted head of the Federal Reserve Bank of Boston told New England business leaders Monday that while getting inflation under control will cause pain for some Americans, she thinks "a more modest slowdown" is a realistic possibility.

2 years ago·United States

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News 4 JAX

Boston Fed's Collins says 'modest slowdown' is possible

Susan Collins, the new president of the Federal Reserve Bank of Boston, said Monday that a higher unemployment rate will be needed to bring down inflation from unusually high levels, but also suggested any economic downturn would likely be modest. In her first speech as Boston Fed president, Collins said the economy is resilient enough to withstand the higher interest rates needed to combat inflation, which is near a four-decade high. Her commen…

2 years ago·Jacksonville, United States

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Boston Herald

Boston Fed’s president Susan Collins says ‘modest slowdown’ is possible

By CHRISTOPHER RUGABERWASHINGTON (AP) — Susan Collins, the new president of the Federal Reserve Bank of Boston, said Monday that a higher unemployment rate will be needed to bring down inflation from unusually high levels, but also suggested any economic downturn would likely be modest.In her first speech as Boston Fed president, Collins said the economy is resilient enough to withstand the higher interest rates needed to combat inflation, which…

2 years ago·Boston, United States

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