Central Banks
Fed’s Collins Sees Interest-Rate Cuts Coming ‘Later This Year’
- Collins aligns with Powell, others in seeking more confidence
- Boston Fed chief sees risk that neutral rates are now higher
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Federal Reserve Bank of Boston President Susan Collins said she’s looking for more evidence that inflation is durably set to align with policymakers’ 2% target before moving to cut interest rates, though that step is likely “later this year.”
“Seeing sustained, broadening signs of progress should provide the necessary confidence I would need to begin a methodical adjustment to our policy stance,” Collins said in remarks to the Boston Economic Club on Wednesday.