Central Banks
Fed’s Collins Says December Rate Cut Still on the Table
- Boston Fed chief says not seeing signs of new price pressures
- She says policy is restrictive, easing appropriate over time
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Federal Reserve Bank of Boston President Susan Collins said a December interest-rate cut remains on the table, emphasizing the central bank’s decision will be guided by incoming data.
“I do see the policy stance as being in a restrictive place, and over time normalizing that, I think, is going to be important,” Collins said Friday in an interview on Bloomberg Television. “We’re well-positioned to be really careful in assessing the data and making decisions about the pace, about the timing.”