Fed’s Collins Says Data May Warrant Later, Fewer Cuts This Year
- Boston Fed chief expects rate cuts to begin ‘later this year’
- Recent reports have eased concerns around urgency to move
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Federal Reserve Bank of Boston President Susan Collins said it may take more time than previously thought to gain the confidence to begin easing policy, possibly warranting fewer rate reductions this year.
Collins said recent data have eased concerns about an “imminent need” to adjust interest rates, though she still expects cuts to begin later this year.