From Brecorder · Reuters · · 40s
Fed's Collins supports steady rate hikes
Boston Fed President Susan Collins says gradual interest rate increases best manage economic risks.
In brief
Boston Fed President Susan Collins says gradual interest rate increases best manage economic risks. Boston Fed President Susan Collins supports steady, modest rate hikes to manage economic uncertainties and inflation risks. Originally reported by Brecorder.
Fed's Collins on rate hikes
Boston Fed President Susan Collins supports steady, modest interest rate increases to manage economic uncertainties.
“The risks on the real side of the economy were two-sided”
Collins' view on economic risks
Collins states economic risks are two-sided, affecting both inflation and employment goals.
“which has implications for both the fed's job and inflation mandates”
Monetary policy approach
Collins recommends steady, gradual monetary policy to avoid aggressive inflation targeting.
“my current view is that a kind of steady, gradual approach for monetary policy is appropriate”
The bottom line
Boston Fed President Susan Collins supports steady, modest rate hikes to manage economic uncertainties and inflation risks.
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