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Fed’s Collins Says Patience Needed and Further Tightening Possible

Summary by Ground News
Federal Reserve Bank of Boston President Susan Collins said policymakers will need to be patient as they assess economic data. She said that while demand is moderating, it continues to outpace supply, adding to price pressures. The remarks by Collins suggest she would support holding rates steady at Fed officials’ next meeting on Sept. 19-20.

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Bloomberg broke the news in United States on Wednesday, September 6, 2023.
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