Published 1 year ago

Fed's Collins says policy moving into new phase, open to smaller rate hikes

Summary by Ground News

Boston Federal Reserve President Susan Collins says there's a good chance the pace of future increases could be smaller. "The work to tame inflation is not yet finished," she said. Collins' comments were among the first public remarks by a U.S. central bank official after this week's monetary policy meeting.

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Reuters

Fed's Collins says policy moving into new phase, open to smaller rate hikes

By Michael S. Derby - Boston Federal Reserve President Susan Collins said on Friday that while she supports pressing forward with interest rate rises to lower inflation, there's a good chance the pace of future increases could be smaller than what the U.S. central bank has been delivering over recent months. "At the moment, with inflation well above the Fed's 2 percent target, the

1 year ago·United Kingdom

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Financial Post

Collins says Fed policy moving into new phase, open to smaller rate hikes

Boston Federal Reserve President Susan Collins said on Friday that while she supports pressing forward with interest rate rises to lower inflation, there's a good chance the pace of future increases could be smaller than what the U.S. central bank has been delivering over recent months. Read More

1 year ago·Canada

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