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flag Boston Fed's Susan Collins urges holding interest rates steady, awaiting clearer inflation progress toward 2% target.

flag Boston Fed President Susan Collins said the Federal Reserve should maintain current interest rates, which are mildly restrictive, as there's no urgency for change. flag She stressed waiting for clear evidence that inflation is sustainably moving toward the 2% target, likely only by late 2026. flag Despite February's unexpected job loss and rising oil prices, Collins cited steady growth, stable labor markets, and expected disinflation as reasons to hold steady. flag Her remarks, made in Springfield, Mass., align with a broader Fed caution, echoed by Governor Michelle Bowman, who also emphasized patience ahead of the March 18 decision, noting that rate cuts would require stronger confirmation of progress on inflation.

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