Collins Says Fed Shouldn’t Overreact to Positive Price Data
- Boston Fed chief reiterates central bank should remain patient
- Economy coming into better balance, but taking more time
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Federal Reserve Bank of Boston President Susan Collins said the US central bank should be patient as it considers when to lower interest rates, despite recent encouraging data on inflation.
“It is too soon to determine whether inflation is durably on a path back to the 2% target,” Collins said Tuesday in remarks prepared for an event in Lawrence, Massachusetts. “We should not overreact to a month or two of promising news.”