Fed’s Collins Says Holding Rates Hangs on Inflation Progress

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Federal Reserve Bank of Boston President and CEO Susan Collins Federal Reserve Bank of Boston President Susan Collins said she supported holding interest steady for now, but conditioned that on seeing more progress in bringing inflation back toward the central bank’s 2% target. “Maintaining the current federal funds rate target range will require continued evidence that inflation is indeed coming down,” Collins wrote in an essay published Tuesday by the Boston Fed. “Should evidence of sustained inflation progress not materialize, I believe it will be appropriate to tighten policy soon.”.

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