US EditionFed's Collins says policymakers can 'proceed cautiously' on future rate hikes
- Federal Reserve Bank of Boston President Susan Collins advocates for a patient approach to monetary policy due to the risks of inflation and the potential for a greater slowdown in economic activity. She emphasizes the need to assess the effects of current policy actions before making further decisions.
- Collins acknowledges signs of moderation in inflation and some improvement in the job market, but states that it is too early to conclude that inflation is on a sustained path back to the Fed's 2% target. She believes that a significant economic slowdown is not required to achieve price stability and hopes the central bank can achieve its goals without causing excessive economic stress.
- Collins highlights the importance of an orderly slowdown to rebalance demand and supply in the economy and ensure a sustainable trajectory for inflation. She suggests that the lag time for policy effects may be longer due to Covid-related factors and the strength of household and corporate balance sheets.
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Federal Reserve ‘well positioned to proceed cautiously’ on interest rates, key official says
The Federal Reserve is “well positioned to proceed cautiously” on interest rate hikes, after one of its most aggressive tightening cycles in decades, Boston Federal Reserve President Susan Collins said on Wednesday. “Overall, we are well positioned to proceed cautiously in this uncertain economic environment, recognizing the risks while remaining resolute and data-dependent, with the…
·Washington, United States
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Fed's Collins says now is time to be patient, deliberate with policy
Federal Reserve Bank of Boston President Susan Collins said Wednesday that while there are signs of progress in cooling inflation, now is a time for the central bank to proceed carefully when it comes to its next monetary policy steps.
·United Kingdom
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