Boston Fed President Susan Collins suggests longer time to reach 2% inflation goal, implying sustained high interest rates and slower economic growth.
Boston Fed President Susan Collins suggests it may take longer than expected to reach the Fed's 2% inflation goal, implying that interest rates will likely remain at their current high level for a longer period. Collins notes that slower economic growth is necessary to ensure that inflation remains on a sustainable path to the Fed's target. She did not provide an estimate on when rate cuts might occur.
May 08, 2024
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