Fed’s Collins Says More Easing Needed, Final Destination Unknown
- Says inflation is returning to Fed’s 2% goal, albeit unevenly
- Further slowdown in hiring would be ‘undesirable,’ she says
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Federal Reserve Bank of Boston President Susan Collins said more interest-rate cuts are needed, but policymakers should proceed carefully to avoid moving too quickly or too slowly.
“While the final destination is uncertain, I believe some additional policy easing is needed, as policy currently remains at least somewhat restrictive,” Collins said Wednesday in remarks prepared for an event at the University of Michigan’s Gerald R. Ford School of Public Policy in Ann Arbor.