Central Banks
Fed’s Collins Says Rate Cuts Should Be Careful, Data-Based
- Officials highly attentive to both inflation, jobs mandates
- Must focus on preserving current economic conditions, she says
This article is for subscribers only.
Federal Reserve Bank of Boston President Susan Collins said policymakers should use a careful, data-dependent approach as they lower interest rates to help preserve the strength of the US economy.
Recent data, including the blockbuster September jobs report released last week, show the US labor market is in a “good place overall,” Collins said. She added that she now has more confidence inflation will return to the central bank’s target in a “timely” way alongside a healthy labor market.