Boston Fed President Susan Collins warns against prematurely concluding that inflation is back on track towards the 2% target.
Boston Federal Reserve President Susan Collins has urged caution over recent encouraging inflation data, stating that it is too soon to determine if inflation is back on track towards the 2% target. Collins advises against overreacting to a month or two of promising news and emphasizes the need for patience in the Fed's approach to monetary policy. The Fed policymakers have dialed back their outlook for rate cuts, with the median projection suggesting just one decrease in 2024.
June 18, 2024
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