Fed’s Collins Penciled in Two Cuts This Year, No Urgency to Cut
- Boston Fed chief says two reductions more likely than three
- Collins expects inflation to come down, just at a slower pace
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Federal Reserve Bank of Boston President Susan Collins reiterated she sees no urgency to cut interest rates in the near term, given elevated inflation and the resilience of the labor market.
Collins said she had previously penciled in two rate cuts, but added she “wouldn’t put a lot of weight on any number.” She anticipates inflation will continue to ease, but it will likely take longer than previously thought.