Boston Federal Reserve Bank President Susan Collins said policymakers need to keep raising interest rates to get inflation under control, though exactly how much higher borrowing costs need to go will hinge on incoming data.
“I do believe that we will need to do some additional rate increases and exactly what the right amount is really needs to be dependent on a holistic review of the information that we receive,” Collins said during a radio interview with Vermont Public that was recorded Wednesday and shared on Thursday by the media outlet.
